The Hedge Newest Position (“HNP”) is an exposure protection feature available on the Platform that can be activated by a client.
HNP may be activated and deactivated at any time by the client by contacting the Company here.
Where HNP is triggered by a client, the system will automatically open a fully hedged position in the opposite direction in an equal amount to the last opened position. HNP applies to all open positions and will continue to apply until all open positions are hedged unless HNP is deactivated.
HNP will be triggered as close as possible to the used margin, except in rapid market movements, in which case HNP may not be activated.
HNP will function within market hours and will not be triggered if (1) it is not activated by the client or otherwise deactivated by a client (2) “hedging the newest position” will increase the exposure and/or (3) a client’s equity insufficient to cover the spread of the “newly hedged position”.
Clients may continue using their trading accounts in parallel with the HNP and will be able to “top up” their margin if they wish to do so.
Please note that hedged positions may be transferred to the next trading date and thus are subject to the applicable rollover fees and/or any other fees.
HNP will be activated only if opted-in by a client after using all of the First Protected Positions. HNP is compatible with any other trading benefits and offers available by the Company from time to time.
For any additional information, please contact us here.