Brokers stability during Europe's Brexit referendum | Forex Factory

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Brokers stability during Europe's Brexit referendum

  • #1
  • First Post: Jun 9, 2016 7:29pm Jun 9, 2016 7:29pm
What's everyones take on the after effects of the elections for GB to remain in or out of EU, in respect to brokers going bust like they did with the swissy back in Jan'15.
Can or will similar occur or have the brokers learnt from their mistakes and already backing themselves with higher margin requirements during the volatile period?
  • #2
  • Jun 9, 2016 11:27pm Jun 9, 2016 11:27pm
Quoting Subaal
What's everyones take on the after effects of the elections for GB to remain in or out of EU, in respect to brokers going bust like they did with the swissy back in Jan'15. Can or will similar occur or have the brokers learnt from their mistakes and already backing themselves with higher margin requirements during the volatile period?
The removal of the Swiss peg was a back swan event. Very unexpected. the referendum is a scheduled risk event so its hard to imagine any broker who wouldn't be prepared for whatever may eventuate.
Time hides Nothing
  • #3
  • Jun 10, 2016 4:28am Jun 10, 2016 4:28am
Quoting CindyXXXX
{quote} The removal of the Swiss peg was a back swan event. Very unexpected. the referendum is a scheduled risk event so its hard to imagine any broker who wouldn't be prepared for whatever may eventuate.
Thanks CindyXxxx, thats what i was thinking.
  • #4
  • Jun 10, 2016 5:09am Jun 10, 2016 5:09am
Brokers must've learned their lesson after the CHF fiasco. Or at least I hope they have. Besides, this is a scheduled event, they should be prepared for it. As far as I know, many of them are hiking the margin requirements of the EUR and GBP pairs.
  • #5
  • Last Post: Jun 11, 2016 7:51am Jun 11, 2016 7:51am
Quoting CindyXXXX
{quote} The removal of the Swiss peg was a back swan event. Very unexpected. the referendum is a scheduled risk event so its hard to imagine any broker who wouldn't be prepared for whatever may eventuate.
I agree with you. IN addition, the Swiss event triggered broker policy change, broker mentality, and preparation. They (and their clients) are now less vulnerable than prior to Swiss event. So it is harder now for brokers to be tsunamied by news quakes.
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