OANDA broker announced the change of trading hours due to the holiday in China
OANDA Brokerage announced changes to its trading schedule due to the upcoming Mid-Autumn Festival in Asia, Trading hours for some securities will be adjusted and some markets will be closed on this holiday.
One of the key markets affected by the holiday is the Hong Kong 50 Stock Price Index (HK50), which will be fully closed on September 18. This means there will be no trading in the HK50 index during the day, coinciding with the closure of the stock market in Hong Kong during the holiday.
In addition to the HK50, OANDA said the holiday could have a negative impact on the forex and securities markets. These disruptions may include a complete trading halt or delays in reopening the market due to reduced liquidity during the holiday. Traders should be prepared for significant deviations in trading rates when markets reopen, which could result in sharp price fluctuations.
OANDA has warned its clients to remain vigilant during this period, especially with regard to open positions. The company has issued a warning that sudden market fluctuations may result in forced settlements or unexpected stop-loss triggers. These events can lead to significant changes in open interests or account balances, so traders are advised to manage their positions and funds carefully to avoid potential losses due to unforeseen volatility.
To help mitigate these risks, OANDA encourages clients to closely monitor their portfolios and take the necessary precautions before the holiday. Proper management of trading positions is critical during periods of reduced market liquidity and increased volatility.
As the Mid-Autumn Festival approaches, OANDA's reminder serves as an important warning to traders to be proactive and prepared for potential market disruptions.