Saxo Capital Markets: Esma leverage limits on CFDs good for industry 

The policy will reward well-behaved retail FX brokers

Andrew Edwards
Andrew Edwards: Esma limits on leverage have not had a noticeable effect on the bank or its customers

The restrictions on the sale and marketing of contracts for difference (CFDs), introduced by the European Securities and Markets Authority in the summer of 2018, are good for the foreign exchange retail industry, says Andrew Edwards, chief executive of Saxo Capital Markets.  

In particular, the bank welcomed Esma’s imposition of leverage limits on CFDs. And, since Saxo did not compete on leverage prior to the rules coming into effect, Edwards says the tightening has not had a noticeable effect

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