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LATEST PRESS RELEASE
03.10.2011

All current and new Templer clients are eligible to take part in Templer’s 2011 Autumn Bonus Campaign.

Qualifying clients earn a 10% bonus credit on all deposits between October 3rd and November 3rd up to a cumulative bonus amount of $2500 per account.

Get an extra +1.5% Bonus for bank wires!
 
23.09.2011

Amendments to Bank of Cyprus bank details.

Please note that the Bank of Cyprus account format for Cypriot accounts has changed from 14 digits to 12, by the removal of the last two digits.

So, the correct account number(ac#) is : 015540727071

Banking transfers will not be completed if you don’t use the new bank account format.

 
 
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Templer Holdings' "Fast Market" Policy

The spot foreign exchange market, at times, exhibits extreme price volatility, a condition known as a "fast market". Fast market conditions may be caused by various factors including, but not limited to, news releases such as non-farm payroll numbers, order imbalances-significantly greater orders of one type (e.g., "buys") than another type (e.g., "sells").

During the extreme price volatility in fast markets, currency pair prices will "gap" and spreads widen. A price gap occurs when the price of a currency pair either jumps or plummets from its last bid/offer quote to a new quote, without ever trading at prices in between those quotes. As an example, the Euro/US Dollar currency pair may move from a bid/offer of 1.1891-1.1894 and begin trading at 1.1941-1.1944, without ever trading at the prices between those quotes.

The standard industry practice for currency dealers, including dealers on the interbank market, during fast market conditions and price gaps, is to set market levels and execute orders manually without the use of automated systems or services. The process during fast markets is typically:

  • Initially, major money center banks and other online price providers halt all direct dealing and their pricing engines are suspended,
    Currency dealers analyze event and determine the correct price,
    Prices enter market 20-30 pips wide or more,
    Spreads in market narrow as more currency dealers enter the market.


In such an event, there may be a delay in trade execution, which may be significant, while rates are cross-referenced to ensure valid execution. Further, stops placed close to a market that has traded through the stop price are re-priced on the next best tradable price. Thereby, a specified rate order does not provide a fixed-price guarantee to the counterparty.



Templer Holdings, like all currency dealers, is a "instant execution" dealer, and follows industry standards for fast market conditions. However, Templer Holdings' clients that elect to trade during fast market conditions are responsible for losses incurred by their account because of such trading, as clients are responsible during normal trading conditions. These responsibilities are the same responsibilities that Templer Holdings has with its interbank counterparties during normal and fast market conditions. Templer Holdings will not be held liable for any losses due to fast or volatile markets, electronic disruption in service, service delays, incorrect information received from service vendors (i.e., quotations, news services) and/or customers (i.e., client profile data, updated data).

Placing Orders in "Fast Markets"

Templer Holdings recommends that you be aware of price actions during important data releases and determine your personal levels of comfort and risk. During volatile market periods that can be caused by important data releases, the following information serves as a guideline for placing orders.

  • Sufficient cash or buying power is required before you place any trade. Check your account to be sure that you have adequate funds before you do any trading.
  • Market order executions may differ significantly from the price you were quoted during fast markets. Limit orders may offer a level of protection from these market fluctuations.
  • If you have yet to receive confirmation on a trade placed earlier in the day, do not place the same order again. A delay in receiving word on a confirmation does not necessarily mean that the order has not been executed. This applies to all types of orders. You can call the trading desk and request a "status check" and Templer Holdings will look into the status (i.e., open, executed, cancelled, etc.) of your order.
  • If you have a discrepancy about an order you placed or an execution you received, please have the all the necessary information ready before you call: Account Number, Ticket ID #, Buy/Sell, Currency Pair, Lot Size, Price, Time, Online or Telephone Order. The more information you give Templer Holdings, the better Templer Holdings can expedite your query during fast market conditions.

Templer Holdings will not be held liable for customer losses due to fast or volatile foreign exchange markets, electronic disruption in service, service delays, incorrect information received from service vendors (i.e. quotations, new services) and/or customers (i.e. client profile data, updated data).