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​​​​Saxo Capital Markets
Monthly Notification to Introducing Brok​ers
December
​​2014​​​​​​​​​​
  • Five New Stock Index CFDs

    On 5 January 2015 a range of new Index Tracking CFDs will be made available.

    The new instruments are SOUTH AFRICA 40, CHINA 50, INDIA 50, SINGAPORE and TAIWAN and they track the local benchmarks.

    Index Tracking CFD Contract (Continuous)

    ​Index Tracker​Symbol​RETAIL Spread ​INSTITUTIONAL
    Spread *
    ​Margin required**​O/N Financing (Long/Short)***​Currency​Trading Hours
    (local time)
    ​SOUTH AFRICA 40​ZA40.I​10.00​8.00​5.00%​+2.50 pp/-
    2.50pp
    ​ZAR08:31 - 17:25​

      

    *Spread - spread indicated is a minimum spread and may increase for very large orders.

    **Margin required – margin of 5% is required for the first EUR 50,000 or equivalent of combined CFD margin collateral. Above that level, the margin requirement increases to 10%.

    ***The Institutional markup/markdown on the relevant inter-bank rates for Long and Short positions is held overnight. The markup/markdown rates for retail clients are +2.50%/-3.00%.


     

    Index Tracking CFD Contract (Expiring)

     

    ​Index Tracker​RETAIL Spread mark-up
    ​INSTITUTIONAL Spread mark-up​Margin required
    ​Currency​Trading Hours (local time) *
    ​CHINA 50​12​11​4.00%​USD​09:01 - 01:55
    ​INDIA 50​4.0​3.0​4.00%​USD​09:01 - 01:55
    ​SINGAPORE​0.30​0.20​4.00%​SGD​08:31 - 01:55
    ​TAIWAN​0.40​0.30​4.00%​USD​08:46 - 01:55


     

    *Please note that during the Trading Session, there is a break/trade day roll of approximately 45-55 min.

    Note: As the price of the CHINA50, INDA50, SINGAPORE and TAIWAN Index CFD tracks the price of the underlying Futures Contract, no overnight financing applies to ​these contracts.

    The new instruments will bring the total number of Index Tracking CFDs to 29 and they will automatically be made available on all trading platforms for clients with CFDs enabled.

  • Saxo Sales Guide

    Saxo Capital Markets continues sharing best practices with you. Saxo Sales Guide provides inspiration for structuring an entire sales process: Pre-screening, screening, conversion, onboarding, funding and activation. Make sure your sales team is well equipped and can deliver high lead-to-client conversion.​

    Find the Sales Guide on our Institutional Marketing Portal. Access to the portal can be requested via your Saxo Tools Access Administration.

  • Best Forex Broker

    Saxo Bank, our parent company, has won Best Forex Broker 2014 at the Forex Magnates Awards in London.

    The award, determined by an industry vote, is testament to Saxo Bank’s continued leadership in the competitive electronic FX trading market.​

    Saxo Bank has consistently been one of the top performers in FX trading, extending its FX leadership to other asset classes as well. SaxoTrader offers access to one of the widest product ranges available, 184+ FX crosses (including Spot Gold/Silver), as well as FX Options, available to both sophisticated individual and institutional traders.

    This award win follows a strong run of recent accolades for Saxo's leadership in FX, including “Best Online Forex Trading System – Bank System” in Global Finance’s ‘The World’s Best Foreign Exchange Providers 2015’ awards as well as being named “Best Retail Platform” by FX Week. Commenting on the win, Gustave Rieunier, Global Head of Saxo Bank's Foreign Exchange team, said:

    “We are proud and humble that Saxo Bank continues to be recognised for its leadership in FX trading, offering clients around the world the ability to seize trading opportunities quickly, efficiently and safely. By raising the bar in electronic FX trading, we have become the partner of choice for the online forex trading community and many investors worldwide rely on Saxo Bank to access investment opportunities. While FX remains our most important asset class, we continue to diversify into other markets and extend our excellence in FX to new asset classes where our clients are seeking additional opportunities to trade.”​​


    Best Futures & Options Broker

    Saxo Capital Markets has won Best Futures & Options Broker in the Shares Magazine Awards for the third year in a row.

    The awards are independently voted for by Shares Magazine's readers recognising financial services companies which continue to develop and invest in their retail offerings to the benefit of their clients.




     


    BEST USE OF IT IN INVESTMENT BANKING

    Saxo Bank, our parent company, has reinforced its leadership in trading technology by winning Best Use of IT in Investment Banking at the Banking Technology Awards.
    Saxo Bank has been at the forefront of trading technology outsourcing since launching its FX White Label offering in 2001. Commenting on the award win, Matteo Cassina, Head of Business Lines, Saxo Bank, said:

    “The trading industry is on​ the cusp of major change, driven by the disruptive and continuous pace of technological innovation. Banks that wish to remain competitive in this highly commoditised environment are increasingly looking to outsource their technolo​gy through White Label partnerships rather than investing in proprietary technology which can be costly and depreciate very fast.

    Saxo Bank recognised this technological shift early on and our ambition is to continue to remain at the forefront of trading innovation.”

    The Banking Technology award win follows Saxo Bank’s success at this year’s Sell-side Technology Awards where the bank was named ‘Best Outsourcing Provider’ for its White Label service.

  • Saxo Capital Markets UK Ltd ('SCML') revised equity and CFD risk ratings


    Please note the below wording was sent to our clients:

     

    On 15th December 2014, SCML re-rated all of its equity and CFD products. Please ensure you familarise yourself with the new ratings, the link can be found below.

    SCML categorises stocks and other leveraged instruments into a number of risk rating groups. The risk rating groups are an internal rating which depends on various factors including current market conditions and liquidity, and are not limited to the instrument volatility. 

    How does this affect your Account?

    If you do not trade derivatives there has been no impact on your account. However, if you trade derivative products, you need to consider how the re-rating has affected the continued operation of your account, and in particular:

    1. the margin required to hold any open Margined position in any of the below listed instruments; and
    2. any revised collateral value that you hold in a particular stock that is currently being used as collateral in relation to any open Margined positions.

    List of re-rated instruments

    As this is a general re-rating of instruments please find all instruments that have been re-rated on the link below:

    Link to New Rating

    The risk rating of a stock into a specific risk group can affect the operation of your account in the following ways:

    1. the value of any holding in which SCML will allow you to utilise as collateral for additional margin trading; and
    2. in relation to single stock CFDs (and other leveraged instruments) the level of margin required to open and / or continue to maintain a Margined Trade.

    For further information, please refer to the below risk rating table:

     

    For those clients trading SIPP Funds or those who currently maintain a Limited Leverage Account or any other type of “reduced leverage” account, you should refer to the below table:

     

    What should you do?

    If you are trading derivative products and currently hold one of the above stocks (which you are using as collateral for additional margin trading) or hold an open single stock CFD position in any of the above listed instruments, the re-rating has affected your available margin utilisation.

    Therefore, it is important that you actively manage and monitor your account to avoid exceeding your permitted Margin Utilisation level (for more information, please refer to our Commissions, Charges and Margin Schedule which is available on our website).

    Ensuring your account is funded

    Please ensure that your account is fully funded taking into account the changes. Should you need to deposit additional funds please do so using your normal funding method.

    For those clients who are trading their SIPP funds, please contact your SIPP provider or administrator in order to fund your SCML trading account.

    If you have any questions regarding this matter or your account in general, please contact either a member of our UK Client and Partner Support or Client Trading Services Teams.

    You can get an overview of webconnect margin and collateral changes on WebConnect and on SaxoTrader. Launched in July, this page provides information on existing and new margin and collateral values, the time of change and any other relevant information.

    • SaxoTrader - click on Account – Reports – Margin & Collateral Changes
    • SaxoWebTrader - click on Account/Reports & Margin & Collateral Changes
    • WebConnect - click on Trading - Margin & Collateral Changes.

    For more information, please contact your Account Executive.

    Please note that margin and collateral changes may lead to clients being closed out of positions.


    Opening Hours over the Holiday Period

    Saxo Capitals Market’s opening hours over the Christmas holiday period can be seen here.
    Exchanges holidays can be seen here.


    ASX Real-Time Data Fee Decrease

    Australian Securities Exchange (ASX) will decrease the subscription fee for real - time data for retail users on 1 January 2015 as follows:

    ASX Private Users
    Real-time level 220 AUD / Month (previously 25 AUD)


    SFE Real-Time Data Fee Increase

    Sydney Futures Exchange (SFE) will increase the subscription fee for real-time data retail users on 1 January 2015 as follows:

    SFE Private Users
    Real-time level 265 AUD / Month (previously 55 AUD)

    TSE Real-Time Data Fee Decrease

    Tokyo Stock Exchange (TSE) will decrease the subscription fee for real-time data for retail users on 1 January 2015 as follows:

    Tokyo Stock exchange Professional Users
    Real-time level 22300 JPY / Month (previously 2450 JPY)

    JSE Real-Time Data Fee Increase

    Johannesburg Stock Exchange (JSE) will increase the subscription fee for real-time data for users on 1 January 2015.

    JSEPrivate Users Professional Users
    Level 17.70 USD / Month (previously 7.30 USD)28.40 USD / Month (previously 26 USD)
    Level 210.90 USD / Month (previously 10.20 USD)40.50 USD / Month (previously 37.1 USD)

    Ritzau Finans News Real-Time Data Fee Increase

    Ritzau Finans news will increase the subscription fee for real-time data users on 1 January 2015 as follows:

    Ritzau Finans Private Users Professional Users
    Ritzau Finans Light (excl. flash), Real-timeFree of charge (As before)373,70 DKK / Month (previously 355 DKK)
    Ritzau Finans Premium (incl. flash). Real-time310,54 DKK / Month (previously 295 DKK) 747,40 DKK / Month (previously 710 DKK)

    TMX Real-Time Data Fee Change

    The Toronto Stock Exchange (TMX) - inclusive TSX Venture Exchange - the subscription fee for real-time data will increase for private users and decrease for professional users on 1 January 2015 as follows:

    Toronto Stock Exchange Private Users Professional Users
    Toronto Stock Exchange
    (incl. TSX Venture Exchange) Level 1
    12 USD  / Month56.50 USD  / Month
    Toronto Stock Exchange Level 221 USD  / Month86.50 USD  / Month

    Dow Jones News

    Dow Jones News language specific news subscription fee will be decreased for professional users from 1 January 2015.

    Dow Jones News Private Users Professional Users
    Arabic, Australia & New Zealand, Chinese, Dutch, French, German, Italian, Japanese, Russian, Spanish, Turkish*Free (No change)50 EUR/Month (previously 85 EUR)


    *Please note that Dow Jones Turkish language news will be discontinued as per Jan 1st 2015 and subscriptions will therefore be removed accordingly.

    Dow Jones Portuguese and Portuguese Brazilian language news subscription fee will be decreased from 1 January 2015.

    Dow Jones News Private Users Professional Users
    PortugueseFree50 EUR/Month
    Portuguese BrazilianFree50 EUR/Month


    Dow Jones Advanced Capital Market News subscription fee will be decreased for professional users from 1 January 2015.

    Dow Jones News Private Users Professional Users
    Advanced Capital Market News 2 EUR/Month (No change)50 EUR/Month (previously 100 EUR)


    Dow Jones Advanced Equities Market News subscription fee will be decreased for professional users from 1 January 2015.

    Dow Jones News Private Users Professional Users
    Advanced Capital Market News2 EUR/Month (No change)50 EUR/Month (previously 100 EUR)

    Market News International Commodity Bullets news

    Market News International Commodity Bullets news subscription fee will be decreased from 1 January 2015.

    Market News International Private Users Professional Users
    Commodity Bullets6 USD/Month (previously 12 USD)6 USD/Month (previously 12 USD)

    CBOE will be renamed

    Chicago Board Options Exchange (CBOE) will be renamed Chicago Futures Exchange (CFE) on 12 January 2015.

    CBOE Volatility Index Futures (VIX) will be trading on the Chicago Futures Exchange (CFE). The change only affects the exchange name. Conditions, positions and subscription data will not be affected.

    The CBOE Futures Exchange market data subscription will be renamed CFE Futures Exchanges.

    CFE Futures Exchange Former name: CBOE Futures Exchange Private Users Professional Users
    Real time Data1,50 USD/Month (fee unchanged)7,50 USD/Month (fee unchanged)

    Enhanced Account Statement Communication

    Saxo Capital Markets allows some of its clients to get an easy online access to their Monthly Account Statements. An email containing a quick link to access the account statements and an encouragement to review these will be sent out by the end of December 2014.

    If you have any question, please contact your Account Executive.


    EOD File Changes

    From 28 February 2015, Saxo Capital Markets will make changes to some of the existing EOD files.

    Please be aware that changes to EOD files will take place on Saturday, 28 February 2015 after the files for Friday, 27 February are generated. Therefore, the first set of reports which include the changes will be sent on Tuesday, 3 March, before trade date Monday, 2 March 2015.

    ALL subscribers of EOD files are strongly advised to check whether they use the files below and update their reporting models, scripts or teams accordingly.

    Please note: data or columns may have been added, moved or removed from files.

    You can find the overview of the changes here.


    GLOBEX products divided into four exchanges

    GLOBEX real-time data has been free for users who subscribed before March 2014. As of 1 January 2015 GLOBEX will introduce real-time data fees for all subscribers.

    Saxo Capital Markets allows clients to subscribe for each of the underlying exchanges individually, in order to minimize the market data cost. Alternatively, clients can subscribe to a bundled subscription which includes all four exchanges.

    On 13 December 2014, the previous GLOBEX exchange was replaced with four new exchanges: CME, CBOT, NYMEX and COMEX.

    Instrument navigation
    To identify the relevant instrument and exchange users will be able to search by exchange, symbol code or contract name. The instruments will be associated with the following exchanges:

    • GLOBEX_CBOT
    • GLOBEX_CME
    • GLOBEX_COMEX
    • GLOBEX_NYMEX

    All contracts keep their current symbols and names.

    Current real-time subscribers

    Any users who subscribed or prolonged the GLOBEX data subscription after 1 March 2014 will keep their subscription active after 1 January 2015. The same fees will be applied in 2015.

    Fees for subscriptions activated before March 2014 have been waived for 2014. Saxo Capital Markets terminates these subscriptions as of 31 December 2014 in order to avoid unexpected fees. Users can prolong the subscription which will become fee liable in 2015.

    Real-time subscriptions from 1 January 2015

    The details of the real-time data subscription fees per 1 January 2015 and the specific contracts offered under each exchange are detailed below.

    CME Private Users Professional Users
    Level 11 USD  / Month85 USD  / Month
    Level 25 USD  / Month85 USD  / Month


    CBOT Private Users Professional Users
    Level 11 USD / Month85 USD / Month
    Level 25 USD / Month85 USD / Month


    NYMEX Private Users Professional Users
    Level 11 USD / Month85 USD / Month
    Level 25 USD / Month85 USD / Month


    COMEX Private Users Professional Users
    Level 11 USD / Month85 USD / Month
    Level 25 USD / Month85 USD / Month


    GLOBEX
    (CME, CBOT, COMEX, and NYMEX)
    Private Users Professional Users
    Level 13 USD / Month340 USD / Month
    Level 215 USD / Month340 USD / Month


    Contracts per Exchange

    The following products are traded on these Exchanges.

     

    CME

    Futures on: AUD/USD (Symbol Code ADxx), GBP/USD (BPxx), CAD/USD (CDxx), EUR/USD (ECxx), JPY/USD (JYxx), BRL/USD (6Lxx), MXN/USD (MPxx), NZD/USD (NExx), RUB/USD (6Rxx), CHF/USD (SFxx), South African Rand (RAxx), Butter Cash-settled (CBxx), Cheese Cash-settled (CSCxx), Class III Milk (DCxx), E-mini EUR/USD (E7xx), EUR/AUD (EADxx), EUR/CAD (ECDxx), E-Mini S&P MidCap 400 (EMDxx), E-mini S&P 500 (Dollar) (ESxx), S&P Goldman Sachs Commodity Index (GIxx), 3 Month Eurodollar (GExx), Feeder Cattle (GFxx), Non-fat Dry Milk (GNFxx), Lean Hogs (HExx), USD Denominated Ibovespa (IBVxx), Random Length Lumber (LBxx), Live Cattle (LExx), E-micro EUR/USD (M6Exx), Nikkei 225 (Yen) (NIYxx), Nikkei 225 (Dollar) (NKDxx), NOK/USD (NOxx), E-mini NASDAQ-100 (NQxx), GBP/JPY (PJYxx), EUR/CHF (RFxx), RMB/USD (RMBxx), EUR/GBP (RPxx), EUR/JPY (RYxx), SEK/USD (SExx), INR/USD (SIRxx), E-mini Materials Select Sector (XABxx), E-mini Energy Select Sector (XAExx), E-mini Financial Select Sector (XAFxx), E-mini Industrial Select Sector (XAIxx), E-mini Technology Select Sector (XAKxx), E-mini Consumer Staples Select Sector (XAPxx), E-mini Utilities Select Sector (XAUxx), E-mini Health Care Select Sector (XAVxx), E-mini Consumer Discretionary Sector (XAYxx)

    Contract Options on: Australian Dollar (6A), Australian Dollar Weekly (x) (6Ax), British Pound (6B), British Pound Weekly (x) (6Bx), Canadian Dollar (6C), Euro FX (6E), Euro FX Weekly (x) (6Ex), Japanese Yen (6J), Swiss Franc (6S), E-Mini S&P 500 (ES), E-Mini S&P End of Month (ESW), E-Mini S&P 500 Weekly (x) (ESWx), Eurodollar (GE), Eurodollar x-yr Mid Curve (GEx), Lean Hogs (HE), Live Cattle (LE), E-Mini NASDAQ-100 (NQ)

     

    NYMEX

    Futures on: Brent Crude Oil LD European (BZxx), Light Sweet Crude Oil (WTI) (CLxx), NY Harbor ULSD (HOxx), Hot-Rolled Steel Index (HRCxx), Henry Hub Natural Gas (NGxx), Palladium (PAxx), Platinum (PLxx), E-mini Natural Gas (QGxx), E-mini Light Sweet Crude Oil (QMxx), RBOB Gasoline (RBxx)

    Contract Options on: Light Sweet Crude Oil (LO), RBOB Gasoline (OB), Heating Oil (OH), Henry Hub Natural Gas (ON)

     

    COMEX

    Futures on: Gold (GCxx), Copper (HGxx), Silver (SIxx)
    Contract Options on: Copper (HX), Gold (OG), Silver (SO)

     

    CBOT

    Futures on: Bloomberg Commodity Index (AWxx), Ethanol (EHxx), KCBT Hard Red Winter Wheat (KExx), 10 Year Deliverable Interest Rate Swap (N1Uxx), Ultra T-Bond (UBxx), E-mini Dow ($5) (YMxx), 30-Year U.S. Treasury Bond (ZBxx), Corn (ZCxx), 5-Year U.S. Treasury Note (ZFxx), Soybean Oil (ZLxx), Soybean Meal (ZMxx), 10-Year U.S. Treasury Note (ZNxx), Oats (ZOxx), 30-Day Federal Funds (ZQxx), Rough Rice (RRxx), Soybeans (ZSxx), 2-Year U.S. Treasury Note (ZTxx), Wheat (ZWxx)

    Contract Options on: Corn (OZC), Soybean Oil (OZL), Soybean Meal (OZM), 30-Days Federal Funds (OZQ), Soybeans (OZS), Wheat (OZW), E-mini Dow Jones ($5) (YM).

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Our products are traded on margin and it is possible to incur losses that exceed your initial dep​osit.


Saxo Capital Markets UK Limited is part of the Saxo Bank A/S Group of companies, winners of:

Saxo Capital Markets Awards

This material should be considered as a marketing communication under the Financial Conduct Authority's rules. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, nor is it subject to any prohibition on dealing ahead of the dissemination of investment research. Saxo Capital Markets UK Limited ("SCML") undertakes reasonable efforts to ensure that any information published in this communication is reliable. SCML makes no representation or warranty, or assumes no liability, for the accuracy or completeness of any information contained in in this communication.

SCML provides an execution only service and this communication does not take into account any particular recipient's investment objectives, special investment goals, financial situation, and special needs and demands and nothing herein is intended as a recommendation for any recipient to invest or divest in a particular manner and SCML assumes no liability for any recipient sustaining a loss from trading in accordance with a perceived recommendation.

Saxo Capital Markets UK Limited is a company authorised and regulated by the Financial Conduct Authority, registration Firm Reference Number 551422. Registered address: 26th Floor, 40 Bank Street, Canary Wharf, London E14 5DA. Company number 7413871.
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