Saxo Bank adds VIX weekly options, paid market data subscriptions, improves platforms

Saxo Bank adds VIX weekly options, paid market data subscriptions, improves platforms

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Saxo Bank, the Danish online trading services provider, announced its list of monthly product updates for March. They include weekly options on the VIX volatility index, upgrades to Saxo Bank’s SaxoTraderGO online trading platform, the possibility to add contract options and stock options to a watch list in SaxoTrader and the introduction of separate paid subscriptions to a number of real-time market data instruments.

Weekly options on VIX

Saxo Bank has expanded its offering of VIX volatility index options by adding weekly options. Thus the users of all Saxo Bank platforms would be able to trade volatility on a short term, rather than monthly or longer dated options. The weekly expirations are listed on Thursdays and expire on the following Wednesday. The last trading day, however, is on the business day before the expiration date. The VIX index uses prices on the S&P 500 Index (SPX) options.


New features in SaxoTraderGO

Saxo Bank has made several upgrades of its SaxoTraderGO trading platform, mostly improving the user interface and experience. They include:

  • Movable trade ticket

    Users can now move the trade ticket in SaxoTraderGO around the screen, so they can view the data underneath it. After it is dismissed, the ticket would reappear in the center of the screen the next time it is triggered.


  • Enhanced instrument overview

    The instrument overview module now displays additional data for instruments across all asset classes. Users can resize the module and navigate to its far end in order to see more relevant instrument data.

  • Broadcast notifications

    Saxo Bank has added Broadcast messages to the notification types. They can appear as popups and chat messages. While online, the traders will receive the notifications instantly, while those who are offline will see them once they log into the platform.

  • New chart features

    – New Price Channel study: lines set above and below the price of an instrument. The upper line is set at the x-period high and the lower – at the x-period low.

    – Annotations: The alphabetic order has been changed to a more logical order – Lines, Fibonacci, Figures, Measure tools and Texts. The Infinite trendline has been added to the Annotations menu.

    – Collapsible panels and main window: the panels and the main window in charts can now be collapsed.

    – Movable configuration settings for studies and annotations: configuration dialog for both studies and annotations can now be moved around the screen.

Contract options in SaxoTrader

Contract Options and Stock Options can now be added to a Watchlist in SaxoTrader. The new trading platform feature will be rolled out on March 8, 2016.

Market data subscriptions

Separate paid subscriptions are required for the real-time market data of: Deutsche Börse Xetra Stars,  ICE instruments, including ICE Futures Europe Commodities, ICE Futures Europe Financials and ICE Futures U.S. (NYBOT) and the London listed ETF instruments moving from London Stock Exchange to London Stock Exchange (ETFs).

Saxo Bank, founded in Copenhagen in 1992, is a brokerage firm and a market maker. It holds a banking license from Denmark’s Financial Supervisory Authority (FSA). It offers trading in more than 30,000 instruments, including forex, binary options, CFDs, stocks, futures, and bonds through its proprietary online trading platforms SaxoTrader and SaxoTraderGO.

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