Leveraged instruments and Derivative products are traded on margin with elevated levels of risk and can result in losses that exceed initial deposits. It is important to consider these risks, your objectives, and your experience, to determine whether these products are appropriate for you. Please read our risk and legal disclaimers, seeking independent advice if necessary, prior to entering into such transactions. Past performance of any trading product, market, instrument, or program is never a reliable indication of any future performance.
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Potential for High Volatility Risk Over the Weekend – Exercise Caution and Reduce Exposure
Dear Friends,
We have just come through a week of unprecedented market action and extreme volatility (specifically in Stock Indices). With price swings hitting “circuit breaker” thresholds on multiple occasions during off-hours and daily ranges in excess of 10%, risk management becomes paramount.
The effects of COVID-19 and the current geo-political environment have brought us into uncharted territory, where one report/announcement/tweet could result in a massive movement in price.
Given the current landscape, the risk of carrying any exposure into a weekend is amplified. We saw what happened last weekend, where the developments with COVID-19 along with a stalemate at OPEC, resulted in massive price gaps across multiple instruments at market open.
It’s one thing to adjust/react to news in real-time while markets are open but to have significant developments occur at a time when you’re unable to respond, can put you in a precarious situation.
Out of an abundance of caution, we strongly recommend that all clients minimize exposure before markets close on Friday.