PR PR
Public Relations, Saxo Bank
19 August 2014

Saxo Bank launches USDRUB and EURRUB FX Options

Saxo Bank, the multi-asset online trading and investment specialist, today launches two new crosses to its industry-leading OTC FX options offering, USDRUB and EURRUB. With these, clients can now implement strategies that combine both spot and options in the Russian Ruble, all from the same account.

Saxo Bank offers Forex Vanilla Options for currency crosses including Gold and Silver, and Forex Binary Touch Options on six of the most traded currency crosses. Having launched FX Options in 2001, Saxo Bank has now become a major OTC option interbank market player with access to customised ​pools of liquidity. The two new crosses complement Saxo Bank’s holistic offering to support clients’ trading strategies and to enable them to manage complex portfolios.

Didier Abbato, Vice President, Product Management at Saxo Bank, comments: “The Russian Ruble is attractive to many investors, and we have now made options trading possible for our clients. Saxo Bank offers FX options on 43 currency pairs as well as a full suite of tools and services that had hitherto only been available to professional FX options traders. The newest addition of the two crosses is testament to our ambition to offer a product that is unmatched in the online trading world.”

 Saxo Bank offers a range of risk management tools including the FX Options Board interface, FX Options Report for an in-depth and real time look at portfolios combining Spot FX and FX Options positions and FX Options Analytics to see the current market sentiment on preferred currency crosses.

 Saxo Bank also publishes free at-the-money (ATM) Implied Volatility data for the most traded FX Options crosses as well as 25-Delta Risk Reversals, showing the difference in volatility between puts and calls on the most traded out-of-the-money FX Options. The over-the-counter (OTC) Volume Index shows volumes traded in the past 24 hours versus a rolling one month daily average.

 The USDRUB and EURRUB FX Options are available on the SaxoTrader platform from today. Minimum trade size for FX Options is 10,000 units of the base currency.

 

About Saxo Bank

Saxo Bank is an online multi-asset trading and investment specialist, offering private investors and institutional clients a complete set of tools for their trading and investment strategies. Its financial community portal, TradingFloor.com, is the first multi-asset social trading platform. A fully licensed and regulated European bank, Saxo Bank enables clients to trade FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives on both our award-winning SaxoTrader and newly launched SaxoTraderGO platform, accessible on PCs, tablets or smartphones through a single account and available in more than 20 languages. The platform is white-labelled by more than 100 major financial institutions worldwide. Saxo Bank also offers professional portfolio and fund management as well as traditional banking services through Saxo Privatbank. Founded in 1992, Saxo Bank is headquartered in Copenhagen and has offices in 26 countries throughout Europe, Asia, the Middle East, Latin America, Africa and Australia.