Do not invest more money than you can afford to lose.
Saxo Bank, the leading Danish investment services provider and retail forex broker, announced the launch of a combination order ticket for its clients trading contract options.
The new type of order ticket enables clients to deploy multi-legged option strategies by simultaneously placing orders to buy and/or sell different options from the same order ticket.
“Instead of trading options leg by leg using multiple trade tickets, the different legs can now be delivered as one order and executed as one,” explained Georgio Stoev, Futures and Listed Options Product Manager at Saxo Bank. “Through multi-legged strategies, clients will be presented with unique opportunities to participate in established option strategies such as straddle, ratio spreads and iron condor, among others.”
According to the company statement, the new order tickets will give clients greater control and transparency over order tickets. They will also incorporate a display of option “Greeks” and a margin calculation for each individual leg and strategy on the trade ticket.
“It is paramount that best execution practices keep up with the evolving landscape and this is a major milestone for Saxo Bank in consolidating our leadership as a multi-asset trading and investment specialist,” said Patrice Henault, Saxo’s Head of Futures and Listed Options. “Clients using the new ticket will benefit from capital efficiencies, reduced market risk and ability to analyze strategies before execution.”
The combination order ticket is available for all offered US listed equity, ETF and index options on the SaxoTrader platform.
Earlier this week Saxo Bank announced it has incorporated the Fix8Pro technology as part of a new high performance market connectivity engine.
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.
