Futures position management changes

Saxo Bank is moving to FIFO netting on futures positions from:

  • 6th April on the SaxoTrader platform 
  • 27th May on the SaxoTraderGO platform

This means that futures trades must be closed in the order they were opened; platform features which allow you to close trades in a different order will be removed:

  • Individual trades in a position cannot be closed directly
  • you cannot place related stop and limit orders to close specific trades

 Future position management changes

Closing positions

To close or reduce a position, you can place a trade using either the Close button on the position, or by placing a trade using the Trade Ticket.

Related orders

Stop loss and take profit orders cannot be related directly to individual trades. OCO-related stop and limit orders can be placed instead to protect the net trade position. OCO-related stop and limit orders must be managed separately — if you manually close a position, you must also manually cancel any related orders.

One-Cancels -Other (OCO) orders for futures in SaxoTraderGO 

One-Cancels-Other (OCO) orders will be available on futures in SaxoTraderGO from 27th May. This will allow you to protect net futures positions with OCO related Take Profit and Stop Loss orders when related orders to individual trades are removed as part of the futures position management changes.

Take Profit and Stop Loss orders can be placed at a fixed Price or at a percent distance from the current market price.

One-Cancels -Other (OCO) orders for futures in SaxoTraderGO

Saxo Bank A/S (Headquarters)
Philip Heymans Alle 15
2900
Hellerup
Denmark

International

Trade responsibly
All trading carries risk. To help you understand the risks involved we have put together a series of Key Information Documents (KIDs) highlighting the risks and rewards related to each product. Read more

This website can be accessed worldwide however the information on the website is related to Saxo Bank A/S and is not specific to any entity of Saxo Bank Group. All clients will directly engage with Saxo Bank A/S and all client agreements will be entered into with Saxo Bank A/S and thus governed by Danish Law.

Apple and the Apple logo are trademarks of Apple Inc, registered in the US and other countries and regions. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.