Saxo Bank launches Contract Options

More and more brokers are now looking to beef up their offering to clients and add additional trading products. With

More and more brokers are now looking to beef up their offering to clients and add additional trading products. With forex trading entering the maturity stage in most regions clients and brokers alike are interested to diversify trading options. Brokers always look for more products which will differentiate them from competitors while clients are interested to diversify their trading portfolio.

Saxo Bank was always an online leader in options trading with options representing the largest portion of its revenues and now it introduces even more innovation into this market by offering Contract Options. These are the available contracts:

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PRODUCT GROUPSKEY CONTRACTS
AgricultureCocoa, Coffee, Corn, Soybean, Wheat, Sugar, Cattle, Hogs, …
EnergyCrude Oil, Natural Gas, Ethanol, …
Equity IndexDAX, EUROSTOXX, FTSE, CAC, SMI, AEX, S&P 500, NASDAQ-100, Dow Jones, CBOE SPX, OEX, NDX, VIX, ASX, HSI, NIKKEI
FXEUR/USD, GBP/USD, Other Majors and Emerging
Interest RatesSTIRs (EuroDollar, EuriBor, EuroYen, Sterling), Treasuries, Gilt, Bund, Bobl & Schatz
MetalsGold, Silver, Copper

 

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Saxo Bank, the online trading and investment specialist, expands its derivatives offering by introducing Contract Options.

Contract Options is a trading product that includes listed options on stock indices, commodities, interest rates, currencies and bonds. The products are available on the Bank’s trading platforms; SaxoTrader, SaxoWebTrader and MobileTrader.

New features available through the platforms when trading Contract Options include:

  • A new Options Chain which offers an overview of option prices across strikes and maturities, giving easy access to trading
  • Online exercise of Options through the position list
  • Margin-netting across option legs which improve the margin required when trading option strategies on an instrument
  • Cross-product margin utilisation which allows the use of cash stocks as margin collateral for Contract Option trading
  • Support for Limit, Stop and Market orders

Patrice Henault, Product Manager at Saxo Bank, comments: “More and more of our risk-aware clients use Contract Options to diversify their portfolios, which is why we have added this new tool. Although an Option is considered an investment product that is highly complex and bears high risk, we believe investors should be offered all instruments available to get the most out of the markets. With Contract Options we have added another powerful tool to our vast existing offering of investment products.

“Saxo Bank’s analysts believe that precious metals like gold will continue to benefit from continued risk aversion in 2012. They also see good potential for higher prices, especially among commodities with constrained supply. Allowing investors to access the global options markets including gold, oil and other commodities, currencies, interest rates, bonds and major stock indices is of high importance to investors in the current climate, and this new addition to our platforms will deliver significant value to investors.”

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