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Justice Served: $451M Penalty for Firms Behind Binary Options Fraud

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Saxo Bank to Discontinue Japan 225 Index CFD by February 2025



 

Saxo Bank, the multi-asset investment specialist, has announced upcoming changes to its lineup of trading instruments. As part of these changes, the Japan 225 Index CFD will be discontinued.

The company has informed its white-label partners (WLs) about this decision, allowing them time to manage their clients' existing positions. Traders can reduce their current exposure to this product until February 28, 2025. On this date, any remaining open positions will be closed automatically by Saxo.

For WLs looking to offer alternatives, expiring CFDs such as "JP225DEC24" or "JP225MAR25" can be made available. However, Saxo has clarified that redistributing the underlying price data for these expiring CFDs requires a direct license agreement with the Singapore Exchange (SGX). Partners who do not already hold an SGX license will need to enter into an agreement directly with SGX.

This strategic adjustment is part of Saxo’s efforts to streamline its offerings and comply with regulatory requirements. Traders and partners are advised to plan accordingly and explore alternative instruments if needed.

 

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