December 10, 2008

Dear Clients!

Please review this schedule of trading sessions for the Christmas and New Year holidays:

  Date     GMT+2 
  20:00   Trading closing
  From 25.12.2008
  to 28.12.2008
  Trading closed for all markets
  00:00   Trading open 
  under modified trading terms *
  19:00   Trading closes
  From 01.01.2009
  to 04.01.2009
  Trading is closed for all markets
  00:00   Trading opening 
  under normal trading terms

* Leverage will be decreased to 1:33 on all trading accounts from 12.29.2008 to 12.31.2008. Spread sizes for all financial instruments included in the quote list will be increased threefold compared to their usual values stated in the contract specifications. Stop and limit sizes will be increased threefold compared to their usual values. Margin requirements for all Forex trading instruments will be doubled. For CFD instruments, margin requirements will remain the same.

Please be aware that there is risk for open positions during the holidays. 

On January 5, 2009, when the market opens, all stop orders can be executed only at market opening prices regardless of the level of prices on December 31, 2008. 

Limit orders can be executed only during the set time of trading sessions regardless of price fluctuations in the period from December 23, 2008 to January 5, 2009. 

Please take measures in advance to ensure that these changes do not affect your trading strategy. 

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