Saxo Bank and Dukascopy Restore Trading Conditions after Post-Brexit Turmoil

Danish multi-asset brokerage Saxo Bank has reverted back to pre-Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term margin requirements after a review of market conditions in the aftermath of the referendum vote to leave the European Union last month. While the market has remained somewhat volatile, by now almost all brokerages in the industry have rolled back their margin requirements increases.

Saxo Bank will keep a higher margin when it comes to the British pound pairs, and the UK induces, but as far as the rest of the company’s offering is concerned, the operation is business as usual.

At the same time, Dukascopy has increased its maximum exposure limits on CFDs on indices. The company has set the maximum number of units a trader may be exposed to at 30 on the contracts corresponding to the value of the FTSE100 and to 50 contracts on the DAX, CAC, EURO STOXX and IBEX indices.

Multiple markets have been showing signs of exhaustion in recent days with the British pound being particularly weak against the Japanese yen. Global stock markets have been selling off substantially, with Saxo Bank keeping an eye on European induces and maintaining a margin requirement on those at 3 per cent.

The risk-on risk-off trade has been back in focus in the aftermath of the British referendum on the country’s membership in the European Union. With market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term rising substantially in the past couple of weeks, the summer months of 2016 are set to look different to the usual subdued activity that ensues across the board.