Dukascopy reduced of maximum leverage on EUR/TRY and USD/TRY
Dukascopy Bank SA informs that due a possible risk of significant price gaps and low liquidity on TRY instruments, which may cause negative equity on client accounts, Dukascopy Bank and Dukascopy Europe are implementing a maximum leverage of 1:10 for EUR/TRY and USD/TRY exposures as of 27 July 2016 at 10:00 GMT.
According to the release, traders are invited to estimate their margin usage at the moment when the leverage reduction will be applied and adjust their exposure if needed.
Dukascopy informs that for all accounts where there is no exposure in EUR/TRY and USD/TRY the lower maximum leverage will be applied as from 21 JUuy 2016.
Source: Dukascopy
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