Saxo Bank to route all CFD trades with DMA (Direct Market Access).
By Sums On Wednesday,
Saxo Bank is a Danish bank, It’s specializing in the provision of online trading. Recent Saxo Bank announced Saxo Bank to route all CFD trades with DMA it will no longer acts as a Market Maker in stock CFDs. It’s from from 14 December 2015.
Saxo Bank it’s a fully licensed and regulated by Danish bank, Saxo Bank said them subject to stringent EU directives and regulations pertaining client handling. Them internal systems sustain the strictest security provision to ensure clients personal information is protected. There also the safest online trading available. Recent they announced Saxo Bank to route all CFD trades with DMA. About this said Due to trading benefit in trade speed of performance, intelligent routing and changes in the regulatory environment, Saxo Bank will no longer be a Market Maker for Single Stock CFDs that from Monday 14th December 2015. Instead, they will be offering Single Stock CFDs on a pure Direct Market Access (DMA) basis where all orders will be shipped directly to the market.
This means that only Stock CFDs is no longer available live (green) tradable prices, but will traded through Market, Limit and Stop orders:
Source: saxobank .