• 13.04.2015, 10:03:38
  • /
  • OTE0002

Saxo Bank Adds Stock Options to White Label Offering

Hellerup, Denmark (ots/PRNewswire) - Latest addition further boosts
multi-asset class capabilities

Saxo Bank, the online multi-asset trading and investment specialist,
today announces the expansion of its white label offering with the
introduction of stock options from April 2015. This follows the
launch of stock options trading for Saxo's private and institutional
clients in 2014.

The introduction of stock options to Saxo's white label offering will
enable white label end clients to benefit from trading multiple asset
classes from a single consolidated account and being able to use
either stocks or bonds as collateral, as well as exercising options
online. Other advantages include the ability to utilise cross product
margining by putting up stocks as margin collateral for contract
options trading, in addition to no minimum fee or carrying costs.

White label clients will also benefit from a complete marketing and
communication package facilitating the launch of the new product to
end clients.

The addition of stock options to the white label offering is further
testament to Saxo Bank's strategy of continuing to build a truly
multi-asset trading platform. At present there are more than 30,000
financial products including FX (spot, forwards and options), stocks,
CFDs, commodities, futures, contract options and single stock options
available on Saxo's trading platform.

Commenting on the announcement, Patrice Henault, Head of Futures and
Listed Options, Saxo Bank said:

"The launch reflects the growing appetite for stock options among
both institutional and retail investors as indicated by the 4% rise
in the number of derivatives traded on-exchange (ETDs) in 2014. In
particular, recent market volatility has provided attractive
investment opportunities for options traders, while investors are
becoming more aware of how they can hedge their exposure in asset
classes such as equities or as a means of locking-in existing gains.

"At Saxo, we are consistently striving to provide a platform that is
streamlined, efficient and which provides the tools and functionality
to give our clients a competitive edge in the multi-asset arena. The
addition of equity options to our white label platform marks an
important step in the development of Saxo's white label proposition,
particularly at a time when appetite for this particular instrument
is on the rise."

White label business have become a cornerstone of Saxo Bank's
institutional business with over ten new partnerships established in
2014, bringing the number of clients in this space to over 120,
including ten banks with cross-border activities. Pressures on costs,
the inability to keep up with the pace of evolution in trading
technology in-house and the need to develop multi-asset trading
capabilities for their clients has contributed to the increase in
Saxo Bank's white label clients.

About Saxo Bank

Saxo Bank is an online multi-asset 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.
Its financial community portal, TradingFloor.com
[https://www.tradingfloor.com ], is the first multi-asset social
trading platform. A fully licensed bank in Europe under supervision
of Danish FSA, Saxo Bank enables clients to trade FX, CFDs, ETFs,
Stocks, Futures, Options and other derivatives on our award-winning
SaxoTrader platform, accessible on PC
[http://www.saxobank.com/trading-platforms/saxotrader ]s, tablet
[http://www.saxobank.com/trading-platforms/saxowebtrader ]s or
smartphone
[http://www.saxobank.com/trading-platforms/saxotrader-apps ]s through
a single account and available in more than 20 languages. The
platform is 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, Saxo Bank is headquartered in
Copenhagen and has offices in 26 countries throughout Europe, Asia,
the 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

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