In light of recent regulatory guidelines, we would like to inform you that we will be discontinuing the ability for ASIC retail clients to open hedged positions at Global Prime.
Effective August 12th, opening hedged trades will no longer be available. If you attempt to place a trade in the opposite direction of an existing position, the platform will display an error message.
As of today, we are implementing these changes in demo environments.
What about existing hedges?
If you currently have open hedged trades, they will be automatically netted off against each other after market close on August 9th, leaving you with the remaining position (if any).
Effective August 12th, opening hedged trades will no longer be available. If you attempt to place a trade in the opposite direction of an existing position, the platform will display an error message.
As of today, we are implementing these changes in demo environments.
What about existing hedges?
If you currently have open hedged trades, they will be automatically netted off against each other after market close on August 9th, leaving you with the remaining position (if any).
Ronnie Renko