OANDA Japan to Change Trading Conditions for Currency Pairs, Effective April 3
OANDA Japan, a leading Forex and CFD broker as well as the Japanese Unit of OANDA, announced last Friday that starting from April 3, 2023 (Monday), the broker will introduce maximum open interest for its all currency pairs and will change the maximum open interest for some stock index CFDs and commodity CFDs.
Given the recent market situation, the move will help reduce the risk stemming from sudden changes in the market due to a decrease in liquidity, the Japanese subsidiary explained in the announcement.
OANDA Japan noted that if an investor's open interest exceeds the prescribed maximum open interest as of April 3, only settlements will be possible and new transaction will not be allowed until his or her open interest falls below the maximum open interest required.
Here are the lists of affected instruments:
Currency Pairs
Currency Pair | Maximum Open Interest | Maximum Lots of Maximum Open Interest (MT4/MT5) |
AUD/CAD | 45,000,000 | 450 |
AUD/CHF | 25,000,000 | 250 |
AUD/HKD | 100,000 | 1 |
AUD/JPY | 45,000,000 | 450 |
AUD/NZD | 45,000,000 | 450 |
AUD/SGD | 25,000,000 | 250 |
AUD/USD | 45,000,000 | 450 |
CAD/CHF | 25,000,000 | 250 |
CAD/HKD | 100,000 | 1 |
CAD/JPY | 40,000,000 | 400 |
CAD/SGD | 25,000,000 | 250 |
CHF/HKD | 100,000 | 1 |
CHF/JPY | 25,000,000 | 250 |
CHF/ZAR | 10,000,000 | 100 |
CNH/JPY | 500,000 | 5 |
EUR/AUD | 30,000,000 | 300 |
EUR/CAD | 30,000,000 | 300 |
EUR/CHF | 25,000,000 | 250 |
EUR/CZK | 25,000,000 | 250 |
EUR/DKK | 100,000 | 1 |
EUR/GBP | 30,000,000 | 300 |
EUR/HKD | 100,000 | 1 |
EUR/HUF | 25,000,000 | 250 |
EUR/JPY | 30,000,000 | 300 |
EUR/NOK | 25,000,000 | 250 |
EUR/NZD | 30,000,000 | 300 |
EUR/PLN | 25,000,000 | 250 |
EUR/SEK | 25,000,000 | 250 |
EUR/SGD | 25,000,000 | 250 |
EUR/TRY | 500,000 | 5 |
EUR/USD | 30,000,000 | 300 |
EUR/ZAR | 10,000,000 | 100 |
GBP/AUD | 25,000,000 | 250 |
GBP/CAD | 25,000,000 | 250 |
GBP/CHF | 25,000,000 | 250 |
GBP/HKD | 100,000 | 1 |
GBP/JPY | 25,000,000 | 250 |
GBP/NZD | 25,000,000 | 250 |
GBP/PLN | 25,000,000 | 250 |
GBP/SGD | 25,000,000 | 250 |
GBP/USD | 25,000,000 | 250 |
GBP/ZAR | 10,000,000 | 100 |
HKD/JPY | 1,000,000 | 10 |
MXN/JPY | 1,000,000 | 10 |
NZD/CAD | 50,000,000 | 500 |
NZD/CHF | 25,000,000 | 250 |
NZD/HKD | 100,000 | 1 |
NZD/JPY | 50,000,000 | 500 |
NZD/SGD | 25,000,000 | 250 |
NZD/USD | 50,000,000 | 500 |
SGD/CHF | 25,000,000 | 250 |
SGD/JPY | 25,000,000 | 250 |
TRY/JPY | 5,000,000 | 50 |
USD/CAD | 30,000,000 | 300 |
USD/CHF | 30,000,000 | 300 |
USD/CNH | 10,000,000 | 100 |
USD/CZK | 25,000,000 | 250 |
USD/DKK | 100,000 | 1 |
USD/HKD | 100,000 | 1 |
USD/HUF | 25,000,000 | 250 |
USD/JPY | 30,000,000 | 300 |
USD/MXN | 25,000,000 | 250 |
USD/NOK | 25,000,000 | 250 |
USD/PLN | 25,000,000 | 250 |
USD/SEK | 25,000,000 | 250 |
USD/SGD | 25,000,000 | 250 |
USD/THB | 5,000,000 | 50 |
USD/TRY | 500,000 | 5 |
USD/ZAR | 10,000,000 | 100 |
ZAR/JPY | 25,000,000 | 250 |
Stock Index CFDs
Instrument Name | Maximum Open Interest | Maximum Lots of Maximum Open Interest (MT4/MT5) |
US30 | 250 | 250 |
US500 | 2,500 | 2500 |
Commodity CFDs
Instrument Name | Maximum Open Interest | Maximum Lots of Maximum Open Interest (MT4/MT5) |
UKOIL | 40,000 | 40 |
NATGAS | 200,000 | 20 |
USOIL | 40,000 | 40 |
CORN | 250,000 | 50 |
SOYBEANS | 124,800 | 208 |
SUGAR | 3,920,000 | 98 |
WHEAT | 250,000 | 50 |
COPPER | 250,000 | 10 |
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