Allied Top Review: Scam or Legit Broker?
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OANDA Japan Sets $60M Cap on Open Interest from Aug 12
Abstract：Starting August 12, 2024, OANDA Japan will enforce a $60 million cap on open interest for its NY and Tokyo trading servers.
OANDA Japan Inc, a well-known online broker OANDA Corporation subsidiary, intends to establish a new market capitalization limit on open interest on August 12, 2024. This move will affect traders on both the New York (NY) and Tokyo servers, with a $60 million open interest limit.
The limit will be computed on the NY Server using the aggregate market value of all subaccounts. If the total market capitalization of all unresolved short and long positions in these subaccounts reaches $60 million, further orders will be executed once the value falls.
However, each trading account will be subject to a separate limit on the Tokyo Server. If the market capitalization of all open positions—short or long—in any account exceeds $60 million, the account cannot place additional orders.
This new strategy controls market risks and maintains stable trading conditions. By regulating open interest, OANDA Japan hopes to create a more regulated trading environment, lowering possible volatility and protecting traders from overexposure.
About OANDA
OANDA Corporation is a multinational online forex broker known for providing complete trading solutions and market research.
Explore OANDA's New $60M Cap Policy and More!
Learn about OANDA Japan's upcoming open interest limit and its impact on traders. Visit our OANDA WikiFX page for detailed insights.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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