Saxo Bank Securities alters margins for two more stock CFDs

Saxo Bank Securities alters margins for two more stock CFDs

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Saxo Bank Securities Co., the Japanese unit of Saxo Bank, a Danish bank specialized in providing online trading services, said on Friday it will alter the margin rates on the contracts for difference (CFDs) on the stocks of another two companies – Telecom Engineering Center and Delta Lloyd. The move is in line with its strategy to optimize the trading conditions on stock CFDs.

The margins for trading in Delta Lloyd CFDs will be halved to 50% for both retail and institutional clients. Meanwhile, the margins for CFDs on stocks of Telecom Engineering Center will be increased to 25% for all clients from 20% for retail and 15% for institutional customers.

The new margins will come into effect from the afternoon of 23 Febryary, 2016.

This is one of many margin changes Saxo Bank Securities has made recently. The latest change was in the margins of CFDs on stocks of Twitter Inc. and Media Analytics Corp. Before that, it made amendments in the stock CFDs for 12 other companies – LinkedIn Corp., Syngenta, Tesoro Petroleum Corp., Genmab, First Solar Inc., Yahoo Inc., Softbank, Netflix, Deutsche Bank, as well as Freeport-McMoran Inc., Chesapeake Energy, and Vestas Wind Power.

The company intends to review the margins for other stock CFDs in the near future, as well.

Saxo Bank was founded in Copenhagen in 1992. It holds a banking license from Denmark’s Financial Supervisory Authority (FSA). The group operates through its subsidiary companies across Europe, Asia and the Middle East, Australia, South America, and South Africa.

The company acts as a brokerage firm and a market maker and offers trading in more than 30,000 instruments, including forex, binary options, CFDs, stocks, futures, and bonds through its proprietary online trading platforms SaxoTrader and SaxoTraderGO.

Saxo Bank Securities Co. was renamed from Saxo Bank FX Securities Co. in January this year. It is a member of the Japan Securities Dealers Association (JSDA), the Commodity Futures Association of Japan, the Financial Futures Association of Japan (FFAJ), and the Japan Investor Protection Fund (JIPF).

Source: Saxo Bank Securities Co.

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