The broker is revising the margin ration amid increased market volatility.
The Japanese operations of Saxo Bank, a multi-asset broker, announced this Friday that it would be revising its margin ratio for individual stock contracts for differences (CFDs) amid increased volatility.
In particular, Saxo Bank Japan will be raising the margin rate for some stocks in single stock CFDs. The changes will take place on Saturday, the 14th of March 2020, at midnight. Customers of the broker will be able to see which stocks have been affected by checking the “Margin rate to be changed” in the trading tool.
Stocks, currencies, cryptocurrencies, and commodities have all seen dramatic swings over the past week, and with the situation not likely to get better any time soon, brokers may feel the strain.