IMPORTANT MESSAGE – WTI OIL

Dear valued client,<br /><br /><b>The oil markets have experienced significant volatility during the past few days, and unprecedented pricing.</b><br /><br />As an STP broker, the favourable trading conditions we are able to make available to our clients are reliant on the terms set by our liquidity providers. As such we would like to share with you important updates received this evening from our liquidity providers regarding the oil markets.<br /><br />Please see below changes that will apply should specific triggers be reached:<br /><br /><ul><li>Should WTI ( USOUSD) trade below the price $5, clients will be able to close orders only</li></ul><br />USOUSD Spot price is derived from a blend of front and second month futures (currently June and July respectively). As we progress towards expiry the Spot pricing is weighted more heavily to the second month, we therefore do not expect negative pricing even if the front month does turn negative near to expiry. In the unlikely event of the USOUSD prices reaching 0, the following steps will be taken:<br /><br /><ul><li>The forwarding of pricing/quotes with negative values will not be available to clients, this is to ensure normal functionality of the platforms</li></ul><br /><ul><li>In the unlikely event of the price reaching 0, the liquidity providers will close any open positions at the available market price at that time. Please note that the market price might be negative and so please take any necessary precautions in anticipation of such a scenario</li></ul><br /><ul><li>Pricing of USOUSD will cease. The pricing will be resumed after further review, which will be communicated separately</li></ul>Due to these unprecedented measures, we would urge all clients to manage their own risks accordingly. If you have further questions, please contact our <a href="https://direct.lc.chat/9106680/">support team</a>.<br /><br />Best regards,<br /><br />Yadix Support Team<br />Yadix Forex Broker<br />Telephone: +44(0) 20 3239 6117<br />E-mail: [email protected]<br />Skype: yadix.forex