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Saxo Bank launches stock options trading
30 April 2014
Online-only bank to make 350 stock options directly accessible
exchange traded derivatives
Saxo Bank, the Danish online investment bank, has launched
stock options trading on its platform for retail and
Clients of Saxo Bank will be able to trade multiple asset
classes from a single account and more easily manage margins
across different Saxo Bank accounts.
The 200 most liquid stock options across the US, Europe and
Asia Pacific will be accessible initially. The top stock
options in four key markets will be available: 50 for the US,
including ETF options; 100 for Europe; 20 for Hong
Kong; and 30 for Australia. Over the next year, the bank
will expand its offering to a further 150 stock options.
There was a 6.4% rise in the number of exchange traded
derivatives (ETDs) in 2013. Saxo Bank’s
latest offering aims to address this rise in demand for stock
options from investors.
"The addition of equity options to our platform marks an
important step," said Alan Plaugmann, head of platforms and
products at Saxo Bank, "particularly at a time when appetite
for this particular instrument is on the rise."
"As investors are seeking more diversity in asset
classes, instruments and financial services, we have built a
flexible solution which caters both to the retail and
institutional market segments."
Saxo Bank has also signed a content sharing agreement with The
Options Industry Council (OIC), allowing clients to access the
OIC’s equity options educational materials.