19 August 2014
Public Relations, Saxo Bank
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.
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