In light of the upcoming Turkish Presidential Election that will be held on Sunday, 14 May 2023, it is expected to see an increase in market volatility involving TRY. As such, please note that all TRY-pairs have been set to “close only” with immediate effect.
Blackwell Global has taken this measure to help our clients manage the potential risk through this period of volatility and uncertainty. Please ensure that your margin collateral is properly managed as such periods of heightened volatility may create possibilities of significant price gaps and periods of illiquidity, which can potentially put your account on a margin call.
We would like to emphasize that Stop Loss Orders are not guaranteed to be filled at your order level; Stop Orders are converted to Market Orders once triggered, and dislocations in available liquidity could result in significant slippage on Stop Orders.
Blackwell Global will closely monitor market volatility and liquidity and keep you updated of any necessary changes.
Thank you for your continued support and understanding.
Do not hesitate to contact us at [email protected] if you have any queries.
All information is made as accurate as possible, but it is intended for guidance only, and is subject to change. Please contact Blackwell Global via Live Chat for the latest details.