Saxo Bank launches USDRUB and EURRUB FX Options
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.
Saxo Bank Group (Saxo) is a leading Fintech specialist focused on multi-asset trading and investment and delivering ‘Banking-as-a-Service’ to wholesale clients.
For 25 years, Saxo’s mission has been to democratize investment and trading, enabling clients by facilitating their seamless access to global capital markets through technology and expertise.
As a fully licensed and regulated bank, Saxo enables its direct clients to trade multiple asset classes across global financial markets from one single margin account and across multiple devices. Additionally, Saxo provides wholesale institutional clients such as banks and brokers with multi-asset execution, prime brokerage services and trading technology, supporting the full value chain delivering Banking-as-a-Service (BaaS).
Saxo’s award winning trading platforms are available in more than 20 languages and form the technology backbone of more than 100 financial institutions worldwide.
Founded in 1992 and launching its first online trading platform in 1998, Saxo Bank was a Fintech even before the term was created. Headquartered in Copenhagen Saxo today employs more than 1500 people in financial centers around the world including London, Paris, Zurich, Dubai, Singapore, Shanghai, Hong Kong and Tokyo.