Futures position management changes
In April Saxo Capital Markets moved to netting on futures positions to a FIFO basis.
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 order to close specific trades.
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. Independent stop and limit orders can be placed instead and managed separately to the position – if you manually close a position, you must also manually cancel any orders.
Allocation Summary changes
In connection with the futures position management changes in the beginning of April, the Allocation Summary will be changed:
- For futures contracts, the Close Allocated Positions Ticket will be changed to allocate futures orders/trades which are not related to opening trades.
- The Close Position buttons on the trade level in the Allocation Summary will be removed for all products.
The value of your investments can go down as well as up. Losses can exceed deposits on margin products. Please ensure you understand the risks.
Saxo Capital Markets UK Ltd (SCML) is authorised and regulated by the Financial Conduct Authority, Firm Reference Number 551422. Registered address: 26th Floor, 40 Bank Street, Canary Wharf, London E14 5DA. Company number 7413871.
This website, including the information and materials contained in it, are not directed at, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in the United States, Belgium or any other jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation.
It is important that you understand that with investments, your capital is at risk. Past performance is not a guide to future performance. It is your responsibility to ensure that you make an informed decision about whether or not to invest with us. If you are still unsure if investing is right for you, please seek independent advice. SCML assumes no liability for any loss sustained from trading in accordance with a recommendation.
Apple, iPad and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android is a trademark of Google Inc.
