Audacity Updates News Trading Rule for FOMC Events
Audacity Updates News Trading Rule for FOMC Events
Proprietary trading firm Audacity has announced a modification to its news trading policy following feedback from its trader community. The update specifically focuses on how Federal Open Market Committee (FOMC) events are handled.
Restriction Limited to High-Impact Events
Moving forward, only high-impact FOMC events will be classified as major news under the firm's trading rules. This means that low and medium-impact FOMC events are no longer restricted by the 3-minute news trading rule.
Affected Programs and Implementation
This update is effective immediately for both new and existing accounts across the following programs:
- Ability Challenge
- Ability One
- FTP (Instant Funding)
The existing rules for other major or high-impact news events outside of the FOMC remain unchanged.
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