In response to client feedback around Crude Oil West Texas – Cash and the dislocation from the futures price caused by recent energy market volatility, we would like to inform you about some immediate changes to our Crude Oil West Texas Products.
Crude Oil West Texas – Jul 2020
With immediate effect, you will be able to open Trades on our Crude Oil West Texas – Jul 2020 Product. We are reducing our spread to bring it in line with our cash Product. Orders to open new Trades will be accepted, subject to our Order Execution Policy and Terms of Business.
Crude Oil West Texas – Cash
With immediate effect, we will reject any existing Order or new Order to open a Trade or increase a Position in our Crude Oil West Texas – Cash Product. However, your existing Positions will remain open. Clients with Account netting disabled should be aware that they will have to close out or reduce existing Positions if they wish to reduce their market exposure.
