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.
At Saxo we believe that when you invest, you unlock a new curiosity for the world around you. As a provider of multi-asset trading and investment solutions, Saxo’s purpose is to Get Curious People Invested in the World. We are committed to enabling our clients to make more of their money. Saxo was founded in Copenhagen, Denmark in 1992 with a clear vision: to make the global financial markets accessible for more people. In 1998, Saxo launched one of the first online trading platforms in Europe, providing professional-grade tools and easy access to global financial markets for anyone who wanted to invest.
Today, Saxo is an international award-winning investment firm for investors and traders who are serious about making more of their money. As a well-capitalised and profitable Fintech, Saxo is a fully licensed bank under the supervision of the Danish FSA, holding broker and banking licenses in multiple jurisdictions. As one of the earliest fintechs in the world, Saxo continues to invest heavily into our technology. Saxo’s clients and partners enjoy broad access to global capital markets across asset classes on our industry-leading platforms. Our open banking technology also powers more than 200 financial institutions as partners by boosting the investment experience they can offer their clients. Keeping our headquarters in Copenhagen, Saxo has more than 2,500 professionals in financial centres around the world including London, Singapore, Amsterdam, Hong Kong, Zurich, Dubai and Tokyo.
For more information, please visit: www.home.saxo