Saxo to raise CHF trading margin by 15%
- Will also raise margin requirements on EUR, GBP, USD and JPY
- Says reason is a “paradigm shift” in financial markets
- Says ECB QE, Greek vote also pose FX market risk
Bloomberg reporting a letter sent out to clients
For those of you downunder, Go Markets have issued a statement saying that they are all ship shape after the SNB move
In light of the recent events relating to the Swiss National Bank, we take this opportunity to communicate that it remains business as usual for GO Markets Pty Ltd.
The financial impact on GO Markets has been limited and our capital reserves are well in excess of the regulatory requirement. Customers can be assured that their Client Funds are segregated.
While the impact on the Swiss Franc volatility has sent shockwaves through the industry as a whole, we see this as a period of improvement and opportunity. Our team members remain focused on providing our clients with the highest level of service.