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These are standard rates that are quoted during normal and liquid market conditions, spreads can be subject to enlargement due to the following occurances:
- Central bank rate decisions (ECB, FED, BOE; BOJ etc).
- Monetary policy decisions (FOMC meetings etc).
- Unexpected events leading to volatile market conditions.
- Volatile market conditions.
- Illiquid market conditions (public holidays etc.)
- Important value of open positions.
- Large transaction sizes.
In order to reflect on the real market dynamics ACM broadcasts factual spreads receivable from our liquidity providers. Our systems are conceived to choose and transmit the best prices available to us from our partner banks. However, high market volatility caused by lasting macroeconomic effects may cause our counterparties to quote larger-then-normal spreads on non-RFQ systems, causing ACM to adapt to this environment in real time.
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EURTRY and USDTRY can be traded live from 9h00 - 21h00 CET. Outside this time;
limit/stop orders and margin requirements are being monitored.
We accept no responsibilities for price slippage between the close and open prices
on the next days trading.
USDMXN can be traded live from 14h30 - 21h00 CET. |
Margin rates
ACM requires a 1% margin level to maintain open positions for ticket sizes below $25,000,000. For clients wishing to trade positions in excess of $25,000,000 - intraday liquidity allows for greater margin flexibility. During intraday trading hours, 08:00-22:50 CET, the below margin schedule is in effect:
| INTRADAY 08:00 - 22:50 CET |
| Trade Size |
Margin Requirement |
| $10,000 |
through |
$30,000,000 |
1.00% |
| $30,000,001 |
through |
$40,000,000 |
1.50% |
| $40,000,001 |
through |
$50,000,000 |
2.00% |
| $50,000,001 |
through |
$60,000,000 |
2.50% |
| $60,000,001 |
through |
$70,000,000 |
3.00% |
| $70,000,001 |
through |
∞ |
4.00% or greater |
Outside intraday hours, margin levels will revert to overnight/weekend levels:
| OVERNIGHT 22:50 - 08:00 CET & WEEKENDS |
| Trade Size |
Margin Requirement |
| $10,000 |
through |
$25,000,000 |
1.00% |
| $25,000,001 |
through |
$31,250,000 |
2.00% |
| $31,250,001 |
through |
$37,500,000 |
2.50% |
| $37,500,001 |
through |
$43,750,000 |
3.00% |
| $43,750,001 |
through |
$50,000,000 |
3.50% |
| $50,000,001 |
through |
$55,000,000 |
4.00% |
| $55,000,001 |
through |
$62,500,000 |
4.50% |
| $62,500,001 |
through |
∞ |
5.00% or greater |
Please note: There will be no change in margin requirements overnight and on weekends for clients trading tickets below $25,000,000.
All customers are fully responsible for monitoring
the activity on their accounts. In the case that open positions
result in excessive margin exposure and attain the allowable
limit, liquidation will
occur automatically and all open positions will be closed.
Margin capacity
Margin indicates the level of leverage on which a customer may execute transactions and serves as a
credit limit that he may not exceed. On a 1% margin, an account containing USD 50'000 theoretically
has the capacity to execute transactions up to USD 5'000'000. In practice, customers should
aim for a lower margin utilisation. ACM offers 1% initial margin. As a service, ACM dealers will
attempt to contact customers accustomed to dealing by telephone with the dealing desk whose open
positions are close to full margin capacity. All customers are however fully responsible for monitoring
the activity on their accounts. ACM is obliged to liquidate all open positions automatically when the corresponding margin threshold is breached, at the next best available market price for the corresponding execution size. Please refer to ACM spreads and conditions.
The margin capacity ACM offers reflects our willingness to provide the traders with the level of risk
they wish to adopt, we do not however recommend trading close to 1% margin capacity as this
engages a large amount of risk. Ultimately the choice is left to the trader to make transactions that
meet his/her appetite for risk.
See also: Margin trading accounts - Execution Rules
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