Saxo Bank Could Raise Some Margin Requirements Pre-Brexit Vote

[kreslik.news]

One of the leading multi-asset brokers in the industry, Saxo Bank has sent out an email announcement to clients stating that it may increase some margin requirements for its clients in the coming weeks into the Brexit vote in the United Kingdom.

The prospects for sharp market moves have been present, however the latest polls on the matter are heavily tilting the vote in favor of the “remain” campaign. Naturally, Saxo Bank is looking to hedge the prospective risks against a Brexit and is looking to make sure that its clients and the bank are adequately protected from adverse market moves.

With the statement ... (read more)