TRY Trading Restrictions

28.03.19

Turkish Lira Trading Restrictions

Dear Trader,

Given the recent increase in volatility in the Turkish Lira and the considerable increase in TRY overnight swap rates, we will be switching TRY pairs to 'close only' with immediate effect.

If you currently have open exposure in TRY pairs you will be able to close them but you will not be able to increase your position until further notice.

Should you have any queries, please contact us at [email protected] or on +64-9-6320100.

Kind regards,
PFD Management

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Investing in derivatives can be risky and these products are not suitable for all investors and traders. Any general advice in this electronic communication does not take into account your personal objectives, financial situation and needs. Please seek advice from a financial adviser and read Product Disclosure Statement before making a decision in relation to any investment.

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+64 9 6320100/121

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Trading in futures, options, forex and Over the Counter (OTC) products offered as Contract For Differences (CFDs) by Pacific Financial Derivatives Limited, company #973842 is speculative in nature and not appropriate for all investors. Investors should only use risk capital when trading futures, options, forex and CFDs because there is always the risk of substantial loss. It is important investors carefully consider their objective, financial situation and level of experience. It is recommended that investors seek independent advice before trading. Account access, trade executions and system response may be adversely affected by market conditions, quote delays, system performance and other factors.
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