SINGAPORE /HONG KONG (June 23): Singapore Exchange Ltd (SGX) said it has raised the amount of cash firms must pledge to cover trading positions due to an expected rise in market volatility linked to Britain's vote on whether to exit the European Union.
SGX is the first exchange in Asia to increase trading margins, although several others including the Hong Kong Exchanges and Clearing Ltd and the Australian branch of London Stock Exchange Group-owned LCH have privately told dealers they may also hike margins or require additional intra-day margin calls, traders told Reuters.
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