Important Update: CHINA50 and XNGUSD Changes This Weekend

IC Markets Global is committed to providing the best trading experience for our clients, and as part of this commitment, we are making important changes to the CHINA50 and XNGUSD instruments this weekend. These updates will involve transitioning to a new Liquidity Provider (LP), ensuring improved trading conditions and liquidity.

What You Need to Know

To facilitate a seamless transition, we will be applying Swaps/Financing adjustments on Friday. This will account for any Fair Value (Price) differences between the outgoing and incoming LPs. Additionally, the standard triple swap on CFDs, which normally takes place on Fridays, will also be included.

Key Updates and Implications:

• Compensation for Impacted Positions: Positions negatively affected by the Fair Value change will receive compensation through the swap.
• Adjustment for Benefiting Positions: Positions that gain from the Fair Value adjustment will be charged accordingly.
• No Net P/L Impact: These measures will ensure that your positions experience no net Profit/Loss impact due to the Fair Value change.

We encourage you to review your Pending, Stop Loss, and Take Profit orders and modify them if needed.

We appreciate your understanding and cooperation as we continue to enhance your trading experience. If you require further assistance, please do not hesitate to contact our support team.

Kind regards,

IC Markets Global

The post Important Update: CHINA50 and XNGUSD Changes This Weekend first appeared on IC Markets | Official Blog.