03.07.2015
View from within: How will FX companies avoid a second “Black Thursday” if Greece exits EU? – LeapRate Investigates
The article can originally be found here: http://bgifx.co/1UbK49T
Europe’s economy has been an epicenter of volatility over recent months, with national debt to GDP ratios among mainland European nations at very high levels, and, more significantly, Greece’s imminent insolvency and potential inability or unwillingness to pay its large debt to the European Central Bank.
Jansen Khoo, Head of Risk and Prime Services at Blackwell Global explained to LeapRate “Over at Blackwell Global, we are anticipating volatility in the coming weeks with regards to the Greek woes.”
Mr. Khoo continued “As such, we are increasing margin for some clients and capping their net opening position for intra day/overnight. This is to make sure they allocate more of their deposits for market swings rather than hold bigger positions.”
“The Risk team is monitoring all clients more closely to evaluate if they need to adjust margin/ NOP requirements. We are also talking to the liquidity providers so that we are aligned with them to foster mutual understanding of the situation on the buy and sell side” continued Mr. Khoo.
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