SAXO Banks Provides Extensive Foreign Exchange Options Expires

The firm has restarted the sale of FX Options contracts with maturities of up to one year for the following instruments: CAD/CHF, CHF/JPY, CHF/NOK, EUR/CHF, GBP/CHF, and USD/CHF.

Due to negative CHF rates, the offering was originally restricted to 180 days, however, this constraint has been lifted with the recent rate rises.

Saxo Bank has also eliminated minimum price steps for foreign exchange orders.

Saxo Bank eliminated the minimum step for FX resting orders on December 1, 2022. This allows for order prices to be specified in the same price increments as the desired crosses, often down to the deci-pip level.

EUR/USD limit and stop orders, for example, may be made in 0.00001 price increments, whereas USD/JPY orders can be put in 0.001 increments.

About SAXO Bank

Saxo Bank is a multi-asset broker that provides investors and traders with access to over 60,000 tradeable symbols. Saxo Bank provides spot FX, FX options, non-deliverable forwards (NDFs), Contracts for Difference (CFDs), stocks, stock options, Exchange Traded Funds (ETFs), Exchange Traded Notes (ETNs), futures, and 33,000 bonds in addition to electronically-traded markets covering practically every asset class (available only via phone).

You can find more of SAXO Bank's here: https://www.wikifx.com/en/dealer/0001734976.html

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