Trading updates – 11 Aug 2022 edition
There is no relevant update for the current trading update’s week starting 11 August until 18 August.
Following the recent redenomination of the Meta Platforms ticker from FB to META, starting from the market open on Monday, 18 Jul 2022, the symbol FB will be set to Close-Only, and the new equivalent instrument META will be offered as part of the Equities CFDs. Traders are not required to take action as existing positions will not be affected. New positions will need to be opened on the new symbol META while the already-existing symbol FB will still be available, but only to close or reduce the exposure on existing trades, before it will be deprecated in the near future.
Overnight rollover swaps are subject to regular changes and adjustments, reflecting interest rate differentials and dividend adjustments. If you are holding positions overnight, please be reminded that it is your responsibility to check these swaps in the contract specification for each symbol, and to adjust (if needed) and manage your positions accordingly. FTMO is not responsible for trading results affected by swap changes or adjustments.
The situation in Ukraine – geopolitical development, sanctions, and markets
Due to the war in Ukraine, traders can experience increased uncertainty in the markets, accompanied by increased volatility on many assets, along with the possibility of price spikes, whipsaws, flash crashes, spread widening and liquidity supply issues. Traders are advised to pay extra caution while trading during these times. Risk management and capital preservation should be the key focus of every trader, just as being aware and adaptive to the market conditions that might be unpredictable or risky.
Unfortunately, at this time, we are not allowed to process payments to regions of Donetsk, Luhansk, and Crimea in Ukraine and our clients from there, as per the latest sanctions imposed in connection with the war in Ukraine. There are also sanctions targeting some Russian banks and high-profile individuals. We are not allowed to process any payouts to clients and banks on the sanction list. Payouts to our clients from/in the subject locations, or being subject to the sanctions list, will be possible once the imposed sanctions are lifted. Crypto payouts are included in the restrictions.
Trading on RUB pairs (EUR/RUB and USD/RUB) is suspended from Thursday, 24 February 2022, 6:00 pm platform time (GMT+2 / CET +1) until further notice due to exposure risks and lack of liquidity. It will not be possible to open new positions.