Saxo Bank has announced that it will increase margin requirements across a number of instruments to reflect the paradigm shift in the financial markets which could see a sharp uptick in volatility following a prolonged period of low volatility across a number of asset classes.
The company on Friday announced that it is attracting a range of new clients from other firms as a result of the company’s robust approach to risk management, and strong financial position following Thursday’s high volatility on the EURCHF pair.
The changes in the margin requirements will take effect on Wednesday, 21 January 2015, at 16.00 CET.