Saxo Bank and Dukascopy Restore Trading Conditions after Post-Brexit Turmoil
Posted: Tue Jul 05, 2016 2:45 pm
Danish multi-asset brokerage Saxo Bank has reverted back pre-Brexit margin requirements after a review of market conditions in the aftermath of the referendum vote to leave the European Union last month. While the market has remained somewhat volatile, by now almost all brokerages in the industry have rolled back their margin requirements increases.
Saxo Bank will keeps a higher margin when it comes to the British pound pairs, and the UK induces, but as far as the rest of the company’s offering is concerned, the operation is business as usual.
At the same time, Dukascopy has increased its maximum ... (read more)