PR PR
Public Relations, Saxo Bank
01 September 2014

Saxo Bank to raise its margin on CHF to 8 pct

Saxo Bank has decided to raise its margin on CHF to 8%, due to the recent appreciation of CHF.
Over the recent weeks, there has been increased pressure on the 1.2000-1.2050 EUR/CHF peg, with the spot market leaving the 1.2150-1.2250 range where it has been for most of 2014, and making a low of 1.2050 on 28 August, 2014.

On the back of this move, there has been a build-up of short CHF positions in the broader market, which could represent a large risk should the 1.2000 peg give way. As such, any breach of the 1.2000 peg could see a significant appreciation of CHF.

To reflect this potential increase in risk and to protect our clients, Saxo Bank has decided to raise the margin on CHF to 8%.

The increase will take place Monday, 8 September, 2014 at 15.00 CET.

Media enquiries
Kasper Elbjørn, Head of International Communications
+45 3065 4300
press@saxobank.com

About Saxo Bank

Saxo Bank is an online multi-asset trading and investment specialist, offering private investors and institutional clients a complete set of tools for their trading and investment strategies. Its financial community portal, TradingFloor.com, is the first multi-asset social trading platform. A fully licensed and regulated European bank, Saxo Bank enables clients to trade FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives on both our award-winning SaxoTrader and newly launched SaxoTraderGO platform, accessible on PCs, tablets or smartphones through a single account and available in more than 20 languages. The platform is white-labelled by more than 100 major financial institutions worldwide. Saxo Bank also offers professional portfolio and fund management as well as traditional banking services through Saxo Privatbank. Founded in 1992, Saxo Bank is headquartered in Copenhagen and has offices in 26 countries throughout Europe, Asia, the Middle East, Latin America, Africa and Australia.