Saxo Bank adds multi-legged options strategies to SaxoTraderGO
Saxo Bank launches new tool for clients in SaxoTraderGO and SaxoTraderPRO to leverage the most popular pre-defined multi-legged option strategies directly from one trade ticket.
Saxo Bank, the online multi-asset trading and investment specialist, today announces that it is adding a combination order ticket for all clients trading listed options in SaxoTraderGO and SaxoTraderPRO.
Rather than trading options leg-by-leg using multiple trade tickets, clients will be able to execute orders for different legs as one order. The combination order ticket provides Saxo Bank clients with unique opportunities to participate in established option strategies such as straddle, ratio spreads and iron condor. The options strategies are pre-filled and enables traders to simultaneously place orders to buy and/or sell different options from the same order ticket.
Patrice Henault, Saxo’s Global Head of Trader Experience, says “We see growing appetite among traders to harness the opportunities in multi-legged options trading. With this new combination order ticket, we have enhanced the ease of use by enabling our clients to quickly access and participate in established option strategies such as straddle, butterfly or iron condor, from one trade ticket.”
The combination order ticket will also incorporate a display of option “Greeks” for each individual leg and strategy on the trade ticket as well as margin impact for the strategy.
The combination order ticket is available for all offered US listed equity, ETF and index options.
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.