Saxo Takes CFD Reporting Lead with Markit Contract

Copenhagen-based Saxo Bank set to use Markit BOAT to report its CFD trades

Saxo Bank, the online Danish investment bank headquartered in Copenhagen, will, from September this year, report its contract for difference (CFD) trades via trade reporting platform, Markit BOAT.

Saxo Bank will, according to Markit, become the first financial institution to report its CFDs on single stock-trades on a voluntary basis, in a bid to bring greater transparency to the CFD market.

What's a CFD?
CFDs are over-the-counter (OTC) contracts between two parties in which the buyers pay the

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