• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On December 18th, it was reported that on December 17th local time, the EU revealed that six months after the conclusion of negotiations, the EU and the UK finalized the text of the legislation concerning the new relationship between the EU and Gibraltar after Brexit. This marks another step forward in the approval of the legislation, but it has not yet reached the final stage of taking effect. It is understood that the text is currently undergoing legal review by the EU and the UK, after which their respective internal procedures will be carried out and it will be formally signed. On June 11th of this year, Spain, the UK, and the European Commission reached a political agreement on the relationship between Gibraltar and the EU after Brexit. Following the UKs formal departure from the EU, Spain, the UK, and the EU, among other parties, negotiated for nearly four years before reaching this agreement. The agreement stipulates that Gibraltar will become part of the Schengen Area, with no control over land borders, but border control will be implemented at ports and airports, with border control handled by Spanish police and customs.Amazon (AMZN.O): Pieter Abbeel will lead our cutting-edge modeling research team. Rohit Prasad has decided to leave Amazon at the end of this year.A majority of U.S. senators have supported a $901 billion annual defense policy bill, and voting is still underway.Atlas Cloud AI: Initial investment of approximately $250 million.On December 18, the U.S. Court of Appeals for the District of Columbia Circuit unanimously ruled 3-0 on Wednesday to allow President Trump to continue deploying National Guard troops to Washington, D.C., for the next few months. The court held that the government had demonstrated a “high probability of success” in legal proceedings concerning the legality of the deployment. This ruling suspends a previous decision by District Judge Ja Cobb, which found Trump’s deployment of more than 2,000 National Guard troops to Washington, D.C., illegal. Under the new order, the National Guard is expected to remain in Washington, D.C., until at least February of next year. Judge Patricia Miller wrote in the ruling that the government appears highly likely to win because Trump “possesses the unique authority to mobilize the National Guard” because Washington, D.C., is a federal district, not a “constitutionally sovereign” state.

what is overnight funding?

LEO

Oct 25, 2021 13:27

When you hold the position of a product overnight, your A/C may be charged / deposited into the product's corresponding overnight interest.


That is because when you trade a currency pair, the two currencies involved have overnight funding. For the currency you buy, you may receive interest, and for the currency you sell, you need to pay interest. The difference of interest on the currency pair will determine whether you will be charged or receive overnight interest corresponding to the product.


Formula for calculating the daily overnight funding of the daily position
= trading lot * contract size * settlement price * daily overnight funding rate (%)

Any client may be charged/deposited overnight funding corresponding to the product for holding a currency pair position through the settlement time at top1 each day. Generally, overnight funding applies if you hold a position until this time. Please note that the time zone varies depending on your settings.

Suggestion