Institutional rates

Bid/Ask Spreads and Autoexecution

Saxo Bank uses a variable bid / ask spread and autoexecution limit pricing model for currency options. This flexibility allows us to provide current, two-way, competitive market consistent pricing. Since Saxo Bank always quotes both the bid and ask price, the current spread is always visible to the client when requesting an option price. As Saxo Bank continues to increase its profile and participation in the direct interdealer market, these benefits will be passed on to all of our clients and partners.

Ticket Fees for Low-Value Trades

For trades below the Ticket Fee Threshold, a small ticket fee of USD 10 is added to the trade to cover administration costs.

Forex Options Margin Requirements

Margin requirements for Forex Option positions take into accounts changes in:

  • volatility.
  • spot price of the underlying asset.
  • open positions (that effectively reduce the risk associated with your Options positions).

The margins for Forex Options are also subject to a volatility factor that may increase the margin requirements. This factor will be more prominent, the longer the expiry date for the Forex Option is.

Margin Calculations

Margin requirements for Forex Options consist of a:

  • Delta Margin which is related to the exposure to changes in the spot market.
  • Vega Margin which is related to changes in the volatility of the underlying spot Forex cross.

This allows you to hedge spot positions with Forex Options with lowered margin requirements. This service, previously only offered to Professional Traders, is now available to retail traders.

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