Traders can now use established option strategies, such as straddle, ratio spreads, and iron condor on SaxoTraderGo.
Saxo Bank, a multi-asset broker, announced this Wednesday that it has added multi-legged options strategies to its Online Trading platforms SaxoTraderGO and SaxoTraderPRO.
According to the statement released by the Danish firm, clients trading listed options via either of the platforms now have access to a combination order ticket.
This means, instead of trading options leg-by-leg with multiple trade tickets, customers of the firm can now execute orders for different legs as one order.
The combinator order ticket is now available for all United States-listed equity, Exchange -traded fund, and index options offered on Saxo Bank.
By adding a combination order ticket, traders can now use established option strategies, such as straddle, ratio spreads, and iron condor, the statement said.
The straddle option strategy involves the buying of a put and a call of the same underlying stock, striking price, and expiration date simultaneously.
An iron condor, on the other hand, is an options strategy involving four different contracts and the ratio spread is when a trader buys a number of options and sells more options of the same underlying stock and expiration date but at a different strike price.
On the SaxoTraderGO and SaxoTraderPRO platforms, the options strategies are pre-filled, and clients can place orders to buy and/or sell different options from the same order ticket simultaneously.
Saxo Bank Sees Growing Appetite for Options
Commenting on the announcement, Patrice Henault, Saxo’s Global Head of Trader Experience, said: “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 SaxoTraderGo platform is a cross-device platform that allows investors to trade across multiple asset classes and more than 35,000 financial instruments.
Saxo Bank, a multi-asset broker, announced this Wednesday that it has added multi-legged options strategies to its Online Trading platforms SaxoTraderGO and SaxoTraderPRO.
According to the statement released by the Danish firm, clients trading listed options via either of the platforms now have access to a combination order ticket.
This means, instead of trading options leg-by-leg with multiple trade tickets, customers of the firm can now execute orders for different legs as one order.
The combinator order ticket is now available for all United States-listed equity, Exchange -traded fund, and index options offered on Saxo Bank.
By adding a combination order ticket, traders can now use established option strategies, such as straddle, ratio spreads, and iron condor, the statement said.
The straddle option strategy involves the buying of a put and a call of the same underlying stock, striking price, and expiration date simultaneously.
An iron condor, on the other hand, is an options strategy involving four different contracts and the ratio spread is when a trader buys a number of options and sells more options of the same underlying stock and expiration date but at a different strike price.
On the SaxoTraderGO and SaxoTraderPRO platforms, the options strategies are pre-filled, and clients can place orders to buy and/or sell different options from the same order ticket simultaneously.
Saxo Bank Sees Growing Appetite for Options
Commenting on the announcement, Patrice Henault, Saxo’s Global Head of Trader Experience, said: “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 SaxoTraderGo platform is a cross-device platform that allows investors to trade across multiple asset classes and more than 35,000 financial instruments.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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