Holiday Schedule (May 2021)
| Kindly maintain sufficient funds in your trading account(s) during the upcoming May 2021 holidays. |
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You can do so by either topping-up your margin or by reducing your position two (2) business days before the holiday to withstand any possible and/or unexpected market volatility during these periods.
Upcoming Holidays:
- China; Labour Day: 3-5 May 2021
- Japan; Constitution Day: 3 May 2021
- Japan; Greenery Day: 4 May 2021
- Japan; Children’s Day: 5 May 2021
- South Korea; Children’s Day: 5 May 2021
- Singapore; Hari Raya Puasa: 13 May 2021
- Malaysia; Hari Raya Puasa: 13-14 May 2021
- India; Eid Al Fitr: 13-15 May 2021
- Hong Kong; Buddha’s Birthday: 19 May 2021
- Singapore; Vesak Day: 26 May 2021
- Malaysia; Vesak Day: 26 May 2021
- United States; Memorial Day: 31 May 2021
Precious Metals (FX) Monday, 31 May 2021
The Precious Metals market will close early at 1.00 am (SGT) and re-open at 6.00 am (SGT) in view of US Holiday – Memorial Day.
FX Market will close on Saturday at 5.00 am (SGT).
Margin Call
There might be inherent volatility arising from significant overseas market movements during the above-mentioned holiday period(s). As such, KGI Securities (Singapore) Pte. Ltd. (“KGISS”) may issue margin call(s) for additional or advance margins to clients.
The client(s), shall on demand from KGISS, fulfil any margin call obligations within 1 hour of receipt of the margin call, failing which, our Margin Call Policy as per the Customer Trading Agreement(s) will be strictly adhered to.
We strongly encourage clients trading OTC derivatives to prepare multiple funding sources during this period as inter-dealer brokers might not be available and there might be thinner market liquidity across different time zones. Thank you.