What is happening to my Derivatives account?
Following a strategic review, E*TRADE has decided to withdraw from the provision of local market trading services in the United Kingdom. So that you can continue to trade we are asking you to consent to the transfer of your account firstly to Saxo Bank (who currently provide your Derivatives trading platform) and subsequently later this year Saxo Bank will transfer your account to TD Waterhouse, one of the UK’s leading online brokers. You will only need to consent once to the transfer. Saxo Bank will continue to run the trading platform throughout so there should be no disruption to your trading or open positions. You will not have to pay any transfer fees and the transfer process is straightforward helping to ensure that you can enjoy continuity of trading. Saxo Bank and TD Waterhouse have agreed that any open positions which you have on the date of transfer will be maintained throughout the transfer.
