Saxo Bank Launches USDRUB and EURRUB FX Options

Hellerup, Denmark (ots/PRNewswire) -

Saxo Bank [http://www.saxobank.com ], 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 deep 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 a leading online trading [http://www.saxobank.com/forex
?csref=b1744_Link_boilerplate_pressrelease ] and investment
specialist, offering private investors and institutional clients a
complete set of tools for their trading and investment strategies. A
fully licensed and regulated European bank, Saxo Bank enables clients
to trade FX, CFDs [http://www.saxobank.com/cfds?csref=b1745_Link_boi
lerplate_pressrelease ], ETFs, Stocks, Futures, Options and other
derivatives via three specialised and fully integrated multi-asset
trading platforms [http://www.saxobank.com/demo-account?csref=b1746_
Link_boilerplate_pressrelease ]; the browser-based SaxoWebTrader, the
downloadable SaxoTrader and the SaxoTrader app. The platforms are
available in over 20 languages and are 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, the Saxo
Bank Group is headquartered in Copenhagen with local offices in 25
countries throughout Europe, Asia, Middle East, Latin America, Africa
and Australia.

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | PRN

print