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Futures Trading Conditions

These Futures Contracts are available for online trading through the SaxoTrader platform:

Futures Contract Specifications

Note: The schemes are quoted in local exchanges' time.

Stop and Stop-Limit orders are subject to support by the exchange on which the contract is traded. The order types available are noted in the pop-up details for each contract. When Stop orders and Stop-Limit orders are not supported by the exchange, Saxo Bank offers the possibility to execute stop orders through synthetic stop orders where your order is triggered if the underlying is traded at least for one lot.

Partial fills may occur on Limit orders and the remaining amount stays in the market as a Limit order and may be filled within the order duration. Market orders can be filled at numerous levels, the price paid will be the volume weighted average price of all the fills.

With Saxo Bank you avoid physical delivery of the underlying asset on expiry of a Futures Contract, which is not supported. Therefore, we advise you to take note of the expiry and first notice dates (FND) of any Futures Contracts in which you have positions and ensure they are closed before the appropriate day, as described below.

  • If the expiry day is prior to the first notice day (FND) the contract will be closed on the expiry day.
  • If the FND is the same or prior to the expiry day the contract will be closed the weekday prior to the FND.

If futures positions are not closed before the relevant date, Saxo Bank will close the position on your behalf at the first available opportunity at the prevailing market rate. Any resulting costs, gains or losses will be passed on to you.

If you require any assistance or clarification regarding the expiry of Futures Contracts, please Contact Us.

Market orders

Market orders are not accepted on all contracts. Please use limit orders to hit the bid/offer.

Limit orders

A BUY Limit order cannot be higher than the current offer and a SELL Limit order cannot be lower than the current bid. If the market is moving at or around the time at which the order is placed, this order may be rejected by the exchange. Please repeat the process of placing the order again.

Stop Limit orders

Stop orders without Limits are not accepted.

The limit price specified within a Stop Limit order cannot be more than the below specified values away from the stop price.

Base Contract

DescriptionTicks
APSPI 200 Index Future4
BB90 Day New Zealand Bank Bill Futures2
IBASX 30 Day Interbank Cash Rate4
IR90 Day Bank Accepted Bills2
XT10 Year T-Bond4
YT3 Year T-Bond2

In case of an order that was placed where the limit price is greater than the above acceptance criteria, the order will appear as being accepted by the platform. 

However, please note that upon the trigger price being touched/breached, the order will NOT be executed. 

In such cases, the order will be removed from the system afterwards. 

For Milling Wheat, Corn, Rapeseed & Malting Barley Saxo Bank must follow Exchange Rules with effect up to 5 days prior to expiry. As a consequence:

  • Short positions may be forced closed within five days from the expiry day with a cut-off time of 16:00 CET daily.
  • All open positions will be forced closed one day prior to expiry, where circumstances apply.

The tax will be applied to all Italian Derivatives whose underlying assets are equity instruments issued by Italian companies

The Italian FTT for Derivatives applies irrespective of the location of the client or the jurisdiction of the transaction, so everyone trading Italian Derivatives will have to pay new Italian FTT for Buys and Sells.

Summary of Italian FTT for Derivatives

Notional Value of the Transaction (Euros)
Product0-2.5k2.5-5k5-10k10k-50k50-100k100-500k500-1,000kOver 1,000k
Futures and Options on Indices0.003750.00750.0150.0750.150.751.53
Single Stock and Index Tracker CFDs

For EUR denominated power futures different pricing applies. 

These commissions apply for each contract and for each trade (buy, sell or at expiry), and exclude exchange fees which are listed under the contract specifications.

ContractExchangeClassic (per lot, EUR)Platinum (per lot, EUR)VIP (per lot, EUR)
PhelixDE Baseload Monthly (DEBM)EEX_Energy302010
PhelixDE Baseload Quarterly (DEBQ)EEX_Energy906030
PhelixDE Baseload Yearly (DEBY)EEX_Energy360240120
PhelixDE Peakload Monthly (DEPM)EEX_Energy15105
PhelixDE Peakload Quarterly (DEPQ)EEX_Energy453015
PhelixDE Peakload Yearly (DEPY)EEX_Energy18012060
French Base Month (F7BM)EEX_Energy302010
French Base Quarter (F7BQ)EEX_Energy906030
French Base Year (F7BY)EEX_Energy360240120
French Peak Month (F7PM)EEX_Energy15105
French Peak Quarter (F7PQ)EEX_Energy453015
French Peak Year (F7PY)EEX_Energy18012060
Italian Base Month (FDBM)EEX_Energy302010
Italian Base Quarter (FDBQ)EEX_Energy906030
Italian Base Year (FDBY)EEX_Energy360240120
Italian Peak Month (FDPM)EEX_Energy15105
Italian Peak Quarter (FDPQ)EEX_Energy453015
Italian Peak Year (FDPY)EEX_Energy18012060
Nordic Electricity Base AV Month Future (ENOFUTBLM)NASDAQ_COM302010
Nordic Electricity Base Quarter Future (ENOFUTBLQ)NASDAQ_COM906030
Nordic Electricity Base Yearly Future (ENOFUTBLY)NASDAQ_COM360240120
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Upozornění na rizika spojená s futures

Futures jsou kategorizovány jako červený produkt, protože jsou považovány za investiční produkt s vyšší komplexností a vysokým rizikem.

Dánské banky jsou povinny dělit investiční produkty nabízené drobným klientům do tří kategorií podle složitosti a rizikovosti produktu: zelená, žlutá a červená. Kliknutím sem zobrazíte další informace.

Saxo Bank A/S, organizační složka
Na Poříčí 3a
Praha 1, 110 00
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Tato webová stránka je přístupná kdekoliv na světě, nicméně informace uvedené na stránkách se vztahují k Saxo Bank A/S a nejsou specifické pro konkrétní entitu Saxo Bank Group. Všichni klienti budou přímo v kontaktu se Saxo Bank A/S a všechny klientské smlouvy budou uzavřeny se Saxo Bank A/S, a proto se budou řídit dánským právem.