In connection with the notice from PT. Trijaya Pratama Futures with Letter Number 0326/SK-DL/22D20, we hereby inform all GICTrade Customers. In the past few days, the price movement of WTI Oil has been very volatile and has reached minus. Therefore, we would like to inform all our esteemed customers that starting today, April 22, 2020, the organizer has implemented several additional provisions for oil contracts to avoid unwanted things, as follows:

1. Limitation on the Number of Open Lots on Oil Contracts (Maximum Open Position)

Each customer account is limited to the number of open position lots, namely a maximum of 2 lots.

2. Automatic Liquidation

Since Metatrader cannot accommodate negative prices, all open positions (including hedging) will be automatically liquidated at $0.01.

3. Price Limits for Opening Positions at Oil Contract Prices

Due to the anomalous oil price, the organizer has set a lower limit price for opening a position. If the Oil Contract price is below $5.00, then the client cannot open a new position, except for liquidation of the position. Therefore, all Pending Orders placed below $5.00 will be canceled.

Thus the notification regarding the additional provisions of this oil contract we convey, if there is anything you want to ask, you can contact our Call Center. Thank you for your attention and cooperation.

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