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 is a leading Fintech specialist and global multi-asset facilitator of capital markets products and services. Saxo enables private clients to trade more than 35,000 instruments from one single margin account.
Additionally, Saxo provides institutional clients such as banks and fintechs with Open Banking solutions from multi-asset execution, prime brokerage services to trading technology. Founded in 1992, Saxo Bank has embraced Open Banking from the beginning and is focused on helping clients and partners through win-win partnerships and product innovation.
Since launching its first online trading platform in 1998, Saxo Bank works to empower everyone to navigate their financial future by opening up access to trading and investment. The Saxo Group’s client assets total more than 45 billion euros, and the Group employs more than 2100 people in financial centres around the world including London, Singapore, Amsterdam, Shanghai, Hong Kong, Paris, Zurich, Dubai and Tokyo.For more information, please visit www.home.saxo.