27 April 2017
Monthly Notification , Saxo Bank
Saxo is moving to FIFO netting on futures positions from 27 May 2017 on the SaxoTraderGO platform.This means that futures trades must be closed in the order...
Saxo is moving to FIFO netting on futures positions from 27 May 2017 on the SaxoTraderGO platform.
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
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.
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.
The changes above have already been rolled out in SaxoTrader and Webconnect during April 2017.