IG Securities, the Japanese subsidiary of electronic trading major IG Group, will increase the margin for Mexican peso-related currency pairs.

Mexico will hold a presidential election on Sunday, June 2, 2024. If news coverage related to the Mexican presidential election becomes heated over the weekend, it is expected that the volatility of Mexican peso-related instruments will increase and the risk of price fluctuations will increase.

In light of this situation, IG Japan plans to raise the maintenance margin rate for new positions in Mexican peso-related currency pairs (MXN/JPY, USD/MXN, EUR/MXN, GBP/MXN) to 5% from 4:00 p.m. on Friday, May 31.

There will be no changes to existing positions.

This change is expected to be temporary, and IG plans to revert rates to their original level at IG discretion from next week onwards.