Danish bank expects the election to be a significant market event
Saxo Bank has increased the margins
clients pay on products the broker expects to be affected by
the outcome of the US presidential election on November 8, such
as equity, index and fixed income contracts for differences
(CFD) and certain currency pairs.
"As we enter the crucial few weeks ahead
of the US election, and given the prominence of exposure to the
US economy in our clients’ trading strategies, we
want to ensure that our clients take advantage of trading
opportunities with responsible leverage." Claus Nielsen, head
of markets at Saxo Bank said in a statement.
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