As a Funds Manager, you can submit requests to terminate your fund at any time, even when markets are closed. However, there are important considerations regarding when and how the termination process will be completed. Understanding these factors will help you manage the fund closure process more effectively.
Key Points About Terminating Funds During Market Closure
Request Availability: As a Funds Manager, you can submit fund termination requests at any time, regardless of market hours
Processing Limitations: Your fund termination cannot be completed when:
There are open orders in the fund
The market is closed for the instruments in the fund
Investors still have active positions that need to be closed
Automatic Closure Timeline: Even if you initiate the termination during market closure, the actual closing of all positions will only occur when markets reopen
Investor Impact: All investors in your fund will be automatically notified and their investments will need to be redeemed before the fund can be fully terminated
Important Considerations
No Immediate Termination: Funds never terminate immediately, regardless of market status
Complete Position Closure Required: Your fund can only be terminated when:
All open trading positions in the fund are closed
All investor investments are redeemed and settled
Markets are open for all relevant instruments
Market Reopening: Actual position closing and final fund termination only occur when relevant markets reopen
Price Differences: The final settlement value at fund termination may differ from what you see at the time of your termination request
Investor Notifications: All investors will be automatically notified of the fund termination and will need to redeem their investments before the fund closes
Fund Status: Once you submit a termination request, the fund will no longer accept new investor subscriptions
Different Trading Hours for Various Instruments
Different financial instruments have varying trading hours:
Forex: Generally available 24/5, closing on weekends
Commodities: Trading hours vary by specific commodity
Indices: Follow their respective exchange hours
Cryptocurrencies: Often available 24/7, but liquidity may vary
For detailed information about specific instrument trading hours, we recommend reviewing our comprehensive instrument specifications in the Client Portal.
Recommendations for Funds Managers
Plan Ahead: Submit termination requests with market hours in mind to ensure smoother processing
Check Fund Composition: Be aware of the instruments in your fund and their respective trading hours
Close Open Orders: Ensure all open trading orders are closed before attempting to terminate the fund
Notify Investors in Advance: Communicate with your investors about the fund termination timeline and give them adequate notice
Monitor Investor Redemptions: Track investor redemption requests to ensure all investments are settled before final termination
Expect Delays: Allow for additional processing time when terminating funds during or near market closure periods
What Happens After Termination
Once all positions are closed and all investor investments are redeemed:
The fund will be permanently closed
No new investors can subscribe to the fund
All historical performance data will remain available for record-keeping purposes
You will be able to create new funds if desired
If you need further assistance with terminating your fund, please contact our support team through Live Chat or submit a request through the Service Hub.