Dear valued client,
In light of current market conditions and concerns regarding the stability of counterparties to us in the FX markets, Maybank Kim Eng clients will not be able to create new positions or increase their FX positions until further notice.
Kindly also note that all orders (including pending orders and attached stop loss/take profit/trailing stop orders) will be purged and the auto-liquidation mechanism is suspended until further notice, although we will take all reasonable measures to help manage our clients' risk on outstanding positions.
As an interim measure, your usual access to KE Forex will be disabled. We will continue to provide clients who currently have open positions, with market access by way of real time price information, and to manage and scale down your existing positions on an offline trading basis, as follows:
- for real time price information, we are providing you with access to a non-execution "demo" account, which you can access using the current application with a userID and password that will be emailed to you separately.
- in order to reduce or close out your positions, you may call our dealers at +65 6533 6739 during Asia, London, and New York hours.
Your account statements as of Friday (16 Jan 2015) close have been emailed to you, of which you take reference for your open positions. Going forward, we will continue to provide you with updated account information, but you may also call our dealers on the same number above for your latest outstanding positions. In addition, we have taken necessary actions to revise applicable margin requirements on specific currency pairs in line with exchange DT rules.
As one of Asia's financially strongest banking groups, we remain committed to managing and protecting our clients' interests, and have undertaken the above measures under these extenuating market circumstances.
We have every intention of reverting to online market access and trading in the near future and will keep you posted as to developments in this regard.
Thank you.
KE Forex Team
Maybank Kim Eng
https://www.keforex.com/Announcement.html
In light of current market conditions and concerns regarding the stability of counterparties to us in the FX markets, Maybank Kim Eng clients will not be able to create new positions or increase their FX positions until further notice.
Kindly also note that all orders (including pending orders and attached stop loss/take profit/trailing stop orders) will be purged and the auto-liquidation mechanism is suspended until further notice, although we will take all reasonable measures to help manage our clients' risk on outstanding positions.
As an interim measure, your usual access to KE Forex will be disabled. We will continue to provide clients who currently have open positions, with market access by way of real time price information, and to manage and scale down your existing positions on an offline trading basis, as follows:
- for real time price information, we are providing you with access to a non-execution "demo" account, which you can access using the current application with a userID and password that will be emailed to you separately.
- in order to reduce or close out your positions, you may call our dealers at +65 6533 6739 during Asia, London, and New York hours.
Your account statements as of Friday (16 Jan 2015) close have been emailed to you, of which you take reference for your open positions. Going forward, we will continue to provide you with updated account information, but you may also call our dealers on the same number above for your latest outstanding positions. In addition, we have taken necessary actions to revise applicable margin requirements on specific currency pairs in line with exchange DT rules.
As one of Asia's financially strongest banking groups, we remain committed to managing and protecting our clients' interests, and have undertaken the above measures under these extenuating market circumstances.
We have every intention of reverting to online market access and trading in the near future and will keep you posted as to developments in this regard.
Thank you.
KE Forex Team
Maybank Kim Eng
https://www.keforex.com/Announcement.html
