Doo Prime’s Temporary Adjustment Notice For Crude Oil Products - Doo Prime News
Doo Prime News > Important Notice > Doo Prime’s Temporary Adjustment Notice For Crude Oil Products

Doo Prime’s Temporary Adjustment Notice For Crude Oil Products

Due to the recent volatility of the crude oil market, liquidity has been weakened, and even the negative quotes have appeared. In order to prevent the potential risks of market volatility towards our traders, Doo Prime will be adjusting the leverage of crude oil products from 14:00 on April 22, 2020 (GMT + 1).

At the same time, Doo Prime will implement temporary price protection measures for crude oil products, and the adjustment will take effect immediately until further notice.

The table below shows the information for the leverage adjustment of crude oil products:

TYPES

 

LEVERAGE BEFORE ADJUSTMENT

 

LEVERAGE AFTER ADJUSTMENT

 

XTIUSD

 

25

5
XBRUSD

 

25 5
CL_2006

 

50 (25 times during trading halt) 5 (2.5 times during trading halt)
CL_2007

 

50 (25 times during trading halt) 5 (2.5 times during trading halt)
COIL_2006

 

50 (25 times during trading halt) 5 (2.5 times during trading halt)
COIL_2007

 

50 (25 times during trading halt) 5 (2.5 times during trading halt)

The adjustment of the above types of leverage will lead to an increase in the security deposits of your trading account. In order to ensure the safety of the account and to avoid any liquidation risks due to the marginal increase, it is highly recommended to our traders to keep tab on the level of your security deposits and replenish capital or reduce position when necessary.

The following are temporary price protection measures for crude oil products:

1. If the price of crude oil is higher than US$ 5, then, it can be traded normally;

2. If the price of crude oil is less than US$ 5, then, customers can only close positions and cannot open new positions;

3. If the price of the crude oil product is equal to US$ 0, then, the trading of the crude oil product will stop until the price is restored;

4. If the price of crude oil products is less than US$ 0, then, all orders in transit will be forced at the actual price (please take note that there may be negative quotes, we will therefore ask you to compensate for losses caused by negative price transactions, please pay attention to the current transaction risk);

5. The actual transaction arrangement is subjected to the information displayed on Doo Prime’s platform. All the other products remained unchanged.

The adjustments stated above are contingency measures. We apologize for any inconveniences caused.

Please consult your 1-to-1 private account manager if you have any further questions.

We will continue to provide customers with high quality and satisfactory services, and we would like to thank you for your trust and support to Doo Prime!

Sincerely,

Doo Prime Team

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