Change-in-Futures-Order-Functionality-dec-2016

Title: Change in Futures Order Functionality
Page Content:

For clients using related order functionality for futures

To help our clients manage futures positions in an easy and compliant manner we will be changing order functionality to ensure positions are automatically netted end of every trading day. We are doing this to help ensure our clients are not accidentally acting in an incompliant way with their positions and ultimately open interest. 

To help facilitate compliant position management, we will be implementing this mandatory daily FIFO-based netting of positions on the sub-account level by 12 December 2016. Before this date if you hold both long and shorts in the same product with the same expiry date you must trade out of your existing positions. Alternatively, contact Service Center to discuss possible account structure solutions where you can keep gross positions in a compliant manner. This functionality change will immediately help you achieve more transparency and operational ease in your position management.

If you have questions or wish to discuss your account options, please contact Service Center.

 

 

 

 

 

 

Saxo Capital Markets (Australia) Pty Ltd.
Level 25, 2 Park Street
NSW 2000
Sydney
Australia

Australia

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