Renesource Capital Working hours during Christmas holidays
We would like to inform you that due to Christmas, Renesource Capital brokerage division will work according to the following schedule:
24.12.2020 – US, Canadian and European exchanges will have an early close at 18:00 GMT (20:00 Riga). Trading on the Russian stock exchanges (MICEX, FORTS) will operate normal trading hours. Renesource Capital brokerage division (Voice trading and clients support) will operate from 07:00 GMT till 17:00 GMT (From 09:00 to 19:00 Riga time).
25.12.2020 – US, Canadian and European exchanges will be closed. Trading on the Russian stock exchanges (MICEX, FORTS) will operate normal trading hours. Renesource Capital brokerage division (Voice trading and clients support) will not be operating. FOREX markets will operate on normal working schedule.
In addition, we would like to remind you that during holidays on 24.12.2020, and 25.12.2020 currency exchange with physical delivery and payments (funding, withdrawal & fund distribution) in US Dollars, Euro, Russian Ruble, etc. between client’s Financial Instrument (FI) accounts will not be executed. Payment orders, which Renesource Capital AS IBS will receive on 23.12.2020 after cut -off -time (15:00 GMT), will be executed on the next business day, i.e. 28.12.2020.
We kindly remind You that trading during non-standard – outside of standard trading hours (incl. public holidays on G8 markets) may, differ significantly from the standard, normal, everyday trading, due to lack of market liquidity as well as limited number of available liquidity providers. Trading spread can widen and market may gap, if there will be significant news announcements or press releases during the public holidays. Widening of trading spread thereby may activate Margin Call and/or Stop Out (Stop Loss) on your trading account! It is highly recommended to maintain the use of Leverage at normal levels. The client shall be solely responsible for maintaining and controlling of sufficient margin in relation to the existing positions.
If you have any further questions, please do not hesitate to contact Your Account Manager or Capital Markets team.