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Important changes to margins and trading conditions

Geschrieben

ISK margin increase

ISK margins to increase Wednesday, changes in FX Option target spreads and launch of new interest deposit system.

 

Due to increased volatility in this market, Saxo Bank will increase the margin for all ISK crosses (EURISK, ISKJPY, USDISK) on Wednesday, 23 January 2008 at 12:00 CET. This change will stay in effect until further notification.

 

FX Option target spread changes

On 28 January 2008 target spreads for selected FX Options will be narrowed, and XAUUSD widened. The difference between retail and institutional spreads will not be affected. The reason for the spread change is to ensure our alignment with market conditions. Metals continue to exhibit high volatility, prompting us to widen the target spread for XAUUSD. Below is a list of the FX Options that will demonstrate changes 28 January 2008. If you have any further questions, please contact your Account Manager.

 

 

© Saxobank 2008

saxo_fx_spread.gif

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