We would like to thank you for continuing to use the GICTrade Platform. We would like to inform all GICTrade Customers, both Traders and Market Makers, about changes to the trading schedule at GICTrade, namely:

Trading Schedule Changes for Forex, Gold, and Commodities

    • Friday, April 10, 2020

Gold : Market Close Crude Oil : Market Close Forex : Market Open

    • Monday, April 13, 2020

Gold : Market Open Crude Oil : Market Open Forex : Market Open

*Due to the market being closed on Friday (April 10, 2020), overnight margin requirements will be charged on Thursday (April 9, 2020) Market Close for all of the above products.

Trading Schedule Changes for Nikkei Index

    • Friday, 10 April 2020 (Good Friday)

Nikkei Session I : Market Open Session II : Market Close

Non Roll Over pada Crude Oil

All open positions for Crude Oil in the referenced month must be settled on or before market close at 03:29 WIB, April 18, 2020 and the new referenced month can start trading at 05:01 WIB, April 20, 2020.

Price/Basis Revision Day

Referred Month   Item Price / basis Revision day
May 20  Crude Oil 17 / 04 / 2020
 
 
Newly ref.Month  Item Price / basis Revision day
Jun 20  Crude Oil 20 / 04 / 2020

When and if an open trading position is not settled by delivery or offset by an opposite trade on the revised price/basis day as stipulated by the principle. The position will be rolled over at the revised price/basis against the newly referenced month to be adjusted.

For new prices/bases, premiums or discounts will be reflected in the Account accordingly. Please pay attention to the above matters relating to each transaction from each Account. Thus we convey this notification regarding changes to the trading schedule, if there is anything you want to ask please contact our contact center. Thank you for your attention and cooperation.

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