LONDON, November 1, 2011 /PRNewswire/ --
Saxo Bank, the online trading and investment specialist, has announced the launch of its FX Open Positions module on TradingFloor.com, its trading commentary, news and analysis website.
The Forex Open Positions module provides a snapshot of Saxo Bank clients' aggregated FX open positions on 10 major currency pairs, allowing users access to historical positioning across and within currency pairs. The module makes it possible to search for extreme positioning in particular currency pairs or for concentrations of positions that might result in support or resistance.
Claus Nielsen, Head of Markets at Saxo Bank, said: "We are pleased to be offering our FX Open Positions module to a wide audience via TradingFloor.com. The data available provides greater transparency to the forex market, a core ambition of Saxo Bank since we began publishing OTC options data in May 2011. We aim to ensure clients, visitors to TradingFloor.com and other potential users of the module have as much information as possible at their disposal to make informed trading decisions."
Module features include:
- Aggregate Position Ratios which show the relative size of position by USD value held by clients in a selection of currency pairs, and the relative proportion of longs versus shorts by currency pair.
- Instrument Open Positions which show clients' long and short positions at any instance in time in a single currency pair, selected from the Aggregated Position Ratio chart.
- Normalised Net Positioning for a single currency pair, which shows the relative positioning of clients within a certain time horizon.
The module is also interactive and users can set the start and end date to the time range they are interested in seeing data for, and drag a vertical bar to see how the open positions have changed over time. The chart data is updated hourly by default.
Read more about the module here: http://www.tradingfloor.com/tools/fx-open-positions.
TradingFloor.com is hosted, owned and managed by Saxo Bank A/S. The site provides commentary and analysis on trading in the financial markets. Content is delivered in text and video format. The site's contributors and bloggers include economists, equity analysts, trading advisors and journalists employed by Saxo Bank. The site also hosts content from other individuals and organisations. The website is embedded in all of Saxo Bank's trading platforms.
About Saxo Bank:
Saxo Bank is a leading online trading and investment specialist, enabling clients to trade forex, CFDs, Stocks, Futures, Options and other derivatives. The three specialised and fully integrated trading platforms; the browser-based SaxoWebTrader, the downloadable SaxoTrader and the SaxoMobileTrader application are available in over 20 languages. Saxo Asset Management accommodates high-net worth private clients and institutional investors. In 2011 Saxo Bank continued the diversification of its business and launched Saxo Privatbank. The Saxo Bank Group is headquartered in Copenhagen with offices throughout Europe, Asia, Middle East, Latin America and Australia.
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SOURCE Saxo Bank