As you all may know by now, Darwinex is a 100% STP / agency broker that sources liquidity from its liquidity providers (LPs) on behalf of its customers. In other words, we act as a mere intermediary between our clients and the liquidity available in the market as provided by our LPs.
This has its pros and its cons. On the plus side, our customers can rest assured that we won’t trade against them because we are NOT allowed to act as market makers and hence have no interest whatsoever in our customers losing money (on the contrary, the more our customers win, the better for us because the more commissions they’ll generate in the long run!).
On the downside, as a pure STP broker we depend entirely on the liquidity offered by our LPs (i.e. we have no control over the spreads they offer). In this sense, it is fair to say that our spreads are second to none most of the time (as recently proved by TradeProofer’s “Top Spread Awards”). However, the last couple of weeks (following the Brexit referendum) we have experienced a liquidity drought around market open on Sundays and during rollover time on weekdays (liquidity used to be low per se around rollover because interbank liquidity is literally closed).
The LPs’ reluctance to provide liquidity on Sunday open and around rollover time has given rise to wider spreads and larger candles on market open during the last few weeks. This has caused more TP and SL getting triggered on market open / close than usual.
We have been monitoring spreads on market open & rollover the last few weeks and have concluded that the liquidity available in the market during those times does not meet the high quality standards that our traders deserve. Because there is little we can do as a pure STP broker to increase the liquidity available in the market, we have decided to introduce a daily break so our customers’ trades are not affected by the low liquidity available on market open / close.
Below you can find the new trading hours that will be effective from Sunday 21 August 2016. As you can see below, the main aspects to bear in mind are:
- FX pairs will open 5 mins later on Sunday night (GMT time)
- FX market will close 1 minute from 21:00:00 to 21:01:00 (GMT time)
- XAUUSD will close 1 min earlier than before (i.e. at 20:59:00 GMT)
- All the assets will close 5 mins before market close on Fridays.
The new trading hours will remain in force until further notice. We will monitor the liquidity available at all times and we will remove the daily trading breaks only when we are sure that the liquidity available meets our clients’ needs.
New Darwinex Trading Hours (effective from 21 August 2016)*
|Instrument||Open (Sunday)*||Trading Hours (Weekdays)*||Close (Friday)*|
|AUDCAD||21:05:00||21:01:00 – 21:00:00||20:55:00|
|AUDCHF||21:05:00||21:01:00 – 21:00:00||20:55:00|
|AUDJPY||21:05:00||21:01:00 – 21:00:00||20:55:00|
|AUDNZD||21:05:00||21:01:00 – 21:00:00||20:55:00|
|AUDUSD||21:05:00||21:01:00 – 21:00:00||20:55:00|
|CADCHF||21:05:00||21:01:00 – 21:00:00||20:55:00|
|CADJPY||21:05:00||21:01:00 – 21:00:00||20:55:00|
|CHFJPY||21:05:00||21:01:00 – 21:00:00||20:55:00|
|EURAUD||21:05:00||21:01:00 – 21:00:00||20:55:00|
|EURCAD||21:05:00||21:01:00 – 21:00:00||20:55:00|
|EURCHF||21:05:00||21:01:00 – 21:00:00||20:55:00|
|EURGBP||21:05:00||21:01:00 – 21:00:00||20:55:00|
|EURJPY||21:05:00||21:01:00 – 21:00:00||20:55:00|
|EURNOK||21:05:00||21:01:00 – 21:00:00||20:55:00|
|EURNZD||21:05:00||21:01:00 – 21:00:00||20:55:00|
|EURUSD||21:05:00||21:01:00 – 21:00:00||20:55:00|
|GBPAUD||21:05:00||21:01:00 – 21:00:00||20:55:00|
|GBPCAD||21:05:00||21:01:00 – 21:00:00||20:55:00|
|GBPCHF||21:05:00||21:01:00 – 21:00:00||20:55:00|
|GBPJPY||21:05:00||21:01:00 – 21:00:00||20:55:00|
|GBPNOK||21:05:00||21:01:00 – 21:00:00||20:55:00|
|GBPNZD||21:05:00||21:01:00 – 21:00:00||20:55:00|
|GBPUSD||21:05:00||21:01:00 – 21:00:00||20:55:00|
|NZDCAD||21:05:00||21:01:00 – 21:00:00||20:55:00|
|NZDCHF||21:05:00||21:01:00 – 21:00:00||20:55:00|
|NZDJPY||21:05:00||21:01:00 – 21:00:00||20:55:00|
|NZDUSD||21:05:00||21:01:00 – 21:00:00||20:55:00|
|USDCAD||21:05:00||21:01:00 – 21:00:00||20:55:00|
|USDCHF||21:05:00||21:01:00 – 21:00:00||20:55:00|
|USDHKD||21:05:00||21:01:00 – 21:00:00||20:55:00|
|USDJPY||21:05:00||21:01:00 – 21:00:00||20:55:00|
|USDNOK||21:05:00||21:01:00 – 21:00:00||20:55:00|
|USDSEK||21:05:00||21:01:00 – 21:00:00||20:55:00|
|USDSGD||21:05:00||21:01:00 – 21:00:00||20:55:00|
|XAUUSD||22:00:00||22:00:00 – 20:59:00||20:55:00|
|XAGUSD||22:00:00||22:00:00 – 21:00:00||20:55:00|
|XTIUSD||22:00:00||22:00:00 – 21:00:00||20:55:00|
|XNGUSD||22:00:00||22:00:00 – 21:00:00||20:55:00|
|XPDUSD||22:00:00||22:00:00 – 21:00:00||20:55:00|
|XPTUSD||22:00:00||22:00:00 – 21:00:00||20:55:00|
|STOXX50E||22:00:00||22:00:00 – 21:00:00||20:55:00|
|GDAXI||–||07:00:00 – 21:00:00||20:55:00|
|SPX500||22:00:00||22:00:00 – 21:00:00||20:55:00|
|WS30||22:00:00||22:00:00 – 21:00:00||20:55:00|
|NDX||22:00:00||22:00:00 – 21:00:00||20:55:00|
|J225||22:00:00||22:00:00 – 21:00:00||20:55:00|
|AUS200||22:00:00||22:00:00 – 21:00:00||20:55:00|
|FCHI40||22:00:00||22:00:00 – 21:00:00||20:55:00|
|UK100||22:00:00||22:00:00 – 21:00:00||20:55:00|
*Times are in GMT time.
As always, please do not hesitate to contact us at firstname.lastname@example.org should you have questions about the new trading hours.