New LCH Margin Requirements
Our view is that the market is yet to fully internalize this. Indeed if this triggers further sell-off in BTPs, which we believe it will, we could see absolute free-fall in risk.
The trade:
Short FTSE @ 5586.3
Stop: 5608
Take: 5550
Exit Timeframe: 2 days
***EDIT*** Trade closed at 5559.5 at 09.06 GMT +26.8pts
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