HELLERUP, Denmark, February 13, 2012 /PRNewswire/ --
Saxo Bank, the online trading and investment specialist, expands its derivatives offeringby 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 ofcash 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 instrumentsavailable to get the most out of the markets. With Contract Options we have added another powerful tool to our vast existingoffering 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 optionsmarkets including gold, oil and other commodities, currencies, interest rates, bonds and major stock indicesis of high importance to investors in the current climate, and this new addition to our platforms will deliver significant value to investors."
About Saxo Bank
Saxo Bank is a leading online trading and investment specialist. A fully licensed and regulated European bank, Saxo Bank enables private investors and institutional clients to do Forex Trading and trade, CFDs, ETFs, Stocks, Futures, Options and other derivatives via three specialised and fully integrated trading platforms; the browser-based SaxoWebTrader, the downloadable SaxoTrader and theSaxoMobileTrader application available in over 20 languages. Saxo Bank also offers professional portfolio and fund management through Saxo Asset Management who accommodates high-net worth private clients and institutional investors and provides banking services and advice to retail clients through Saxo Privatbank.The Saxo Bank Group is headquartered in Copenhagen with offices throughout Europe, Asia, Middle East, Latin America and Australia.
SOURCE Saxo Bank