CQG - Margin Calculation Issue - RESOLVED
CQG has sent out the following notice:
** We have identified the issue and deployed a temporary fix to all servers. The full fix will be deployed this evening during maintenance.
We have set the margins back to our standard day trade margins:
DO NOT Trade in these Technical Conditions (read below).
Per the issues described below....if you place a trade, you may not be able to Close it. CQG is only refreshing the accounts every 10 minutes....and during this 10 minutes, you may want to close your position and get rejected due to this CQG Margin Calculation Issue.
You would then need to contact us...to manually Close your position.
During this time, you will be at the mercy of the market movement - until we can confirm your position is FLAT.
IT IS NOT WORTH IT!!! Please do not trade until CQG confirms this issue is resolved.
If you decide you must place a trade, you are 100% responsible for any PnL.
We will be increasing margins to 100% Exchange until CQG issue is resolved.
CQG is reporting a Margin Calculation Issue across all FCMs/Brokers.
As soon as CQG confirms resolution of their Issue - we will be be able to return the margins back to our standard day trade margins.
We will continue to send email updates.