One of the major brokers in Japan, Gaitame.com announced that they will raise margin requirement to 4% for 9 currency pairs which are currently set at 0.5%. This will be applied to only institutional clients after this summer. No particular date is yet determined.
This decision was made on the back of the unprecedented volatility of the Swiss Franc after the Swiss National Bank (SNB) removed the floor under the EUR/CHF exchange rate on January 15, 2015. Gaitame.com aims to protect investors and minimize their loss caused by events similar to the swiss crisis by introducing the margin change.
New margin rate for Gaitame.com’s institutional clients will be applied to following pairs:
In the announcement, Gaitame.com alerts their institutional clients to take all necessary steps to avoid getting Stop Out to their positions after the effective date.
Gaitame.com will notify the concrete schedule when it is finalized.