Multi-asset trading and investment expert Saxo Bank has announced that it will no longer act as a Market Maker for Single Stock CFDs from December 14, 2015 (Monday).
Instead, starting from the above-mentioned date, the broker will be offering Single Stock CFDs on a pure Direct Market Access (DMA) basis where all orders will be routed directly to the market.
The company explained the switch with improvements in speed of execution, Smart Routing and changes in the regulatory environment.
As a result, Single Stock CFDs will no longer be available on Live (Green) tradable prices – from December 14, 2015, these CFDs will be traded through Market, Limit and Stop orders.
The company stresses that Non-Stock CFDs will not be affected by this change. This means that trading in CFD Indices, CFD Commodities, CFD Forex, CFD Interest Rates and Bonds, will still be available on live green prices.
You can view the announcement from Saxo Bank by clicking here.