The Japanese brokerage unit of the Danish investment services provider Saxo Bank – Saxo Bank Securities Co., announced it will alter the margin rates on the CFDs of the stocks of Telecom Engineering Center and Delta Lloyd.
The margins for the CFDs of Delta Loyd will be cut in half to 50% both for retail and instituional clients, while the margins for the CFDs of Telecom Engineering Center will be increased to 25%. For retail customers they will rise from 20% and for institutional customers – from 15%, respectively.
The new margins will come into effect on February 23, 2016, in the afternoon.
Saxo Bank Securities recently got renamed from Saxo Bank FX Securities Co. 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).
Saxo Bank, founded in Copenhagen in 1992, is a brokerage firm and a market maker. It holds a banking license from Denmark’s Financial Supervisory Authority (FSA). It 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.
The group operates through its subsidiary companies across Europe, Asia and the Middle East, Australia, South America, and South Africa.