futures-netting-change-dec-2016

Title: Futures Netting Change
Page Content:

​To help our clients manage futures positions in an easy and compliant manner, we are changing functionality to ensure positions are automatically netted at the end of each trading day.

Currently if you hold both long and shorts position in the same futures contract and one of the positions has a related stop loss or take profit order, these positions will not net together at the end of the trading day.  It is possible to be long and short in the same futures contract which is incompliant.

From 12th December 2016, positions will automatically be netted using FIFO regardless of related orders.

For example if a trader is:

  • Long +3 Light Sweet Crude (WTI) + Stop Loss
  • Short -2 Light Sweet Crude (WTI)

These will be netted to:

• Long +1 Light Sweet Crude + Stop Loss

Note that the Stop Loss will still be for 3 contracts and will not be adjusted.

It is your own responsibility to ensure you remain compliant and do not hold both Long and Short positions in the same contract until 12th December 2016.

 

 

 

 

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

Australia

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