Haydn Franklin Haydn Franklin, Monday 16th March 2020, 12:31 PM CET
Saxo Bank Trading, saxo bank 2019 Reports, saxo bank japan

Multi-asset broker Saxo Bank, announced on Friday that its Japanese operations will be revising the margin ratio due to increased volatility for individual stock contracts for differences

Specifically, Saxo Bank Japan shall increase the margin rate on certain stock single stock CFDs, with those changes taking place on the 14th of this month at midnight. Those who are customers of Saxo Japan will have the ability to view all those impacted by the increase by viewing “Margin rate to be changed” under the trading tool option.

The financial markets as a result on COVID-19 has this week been seeing increased volatility as more cases throughout the world have increased. This has impacted commodities, stocks, cryptocurrencies and currencies, which have all seen substantial swings since last week and it is expected that this will not change in the near future and that has seen brokers feeling the results.

The flash crash event that took place this past Monday can do hard financially to forex brokers. Generally, in terms of historical data, events such as this have seen clients experiencing negative balances while major currencies can see losses than amount into the millions.

Commenting, on the recent turn of events, Saxo Japan stated, “The stock market has seen unprecedented volatility as a result of the simultaneous global stock depreciation triggered by the spread of the new coronavirus. In light of these circumstances, we have reviewed our margin requirements for some individual stock CFDs.”

Saxo Bank Japan also added in a translated statement: “Please note that margin changes and loss cuts may occur at the time of applying the new margin rate depending on the customer’s funding status and the status of the current position due to the change in margin, so be sure to check your account status.”

Haydn Franklin

Author: Haydn Franklin

Hayden joined whichbroker.com in March 2019. He previously held positions at leading US facing financial news outlets. Hayden's focus is primarily Crypto and Forex news at whichbroker.com, however he is also whicbrokers long form content specialist leading him to write longer posts with an investigative angle. Hayden gradutated from the University of Chicago. Haydn Franklin can be contacted at [email protected], View all posts by Haydn Franklin

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