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 Future:

 

Nettrading is proud to introduce the trading desk. Many of our clients who maintain self-directed accounts and call our trading desk to place orders have expressed a need for more assistance. A new trader, perhaps having completed a training course or paper trading, wants and needs assistance from time to time. This trader needs to keep his execution costs low but also realizes that not having experience in trading can be very expensive.

Our new service bridges the gap between broker-assisted trading and traditional discount desk services. Some of the services a Nettrading client can expect are:

  • Order checking

  • Quotes

  • Position checking

  • Placement of contingent order

  • Help identifying and placing different order types

  • Margin questions

  • Identifying roll-over dates (such as "first notice day" and "last trading day")

  • Holiday trading hours

  • Special market alerts

We can also assist your trading needs by accepting the following orders:

  • Work for a price

  • OCO's

  • Give-Ups

  • If, then

  • MOO

  • MOC

  • FOK

  • Call-if-close

  • Call Levels

If you feel that you may not need or desire the services of a full-service broker or even broker-assisted because you choose to guide your own trading, but would really just like the comfort of knowing you can call your trading desk and receive personal attention for any of the above services (and others), then is Nettrading for you. Best of all, this personalized attention is available at discount commission prices.

 

Expiry of Futures Contracts
Please note that Saxo Bank does not support physical delivery of the underlying security upon expiry of a futures contract. We therefore advise you to be aware of the expiry and first notice dates of any futures contracts you invest in and ensure that you close your position before this date. If you do not close a futures position before its expiry or first notice date, Saxo Bank will close your position for you at the first available opportunity at the prevailing market rate. Any resulting costs, gains or losses will be passed on to you.
If you require any assistance or clarification regarding the expiry of futures contracts, please contact Saxo Bank

Maintenance margin
Futures contracts are traded on margin enabling you to leverage a small margin deposit for a much greater market effect.
You must maintain the Maintenance Margins listed per contract in your account at all times. If the funds in your account fall below this margin, you will be subject to a margin call to either deposit more funds to cover your positions or close positions — normallyyou will be notified through our trading platform and via email. If your margin situation is not remedied, we may close positions on your behalf.

 

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