The new alternatives will enable the customers to implement strategies that unites both spot and options in the Russian Ruble, all from the same account.
According to the firm, it provides Forex Vanilla Options for currency crosses, including Gold and Silver, and Forex Binary Touch Options on six of the most traded currency crosses.
Commenting on the launch, Saxo Bank product management vice president Didier Abbato said that the Russian currency is attractive to many investors, and the firm has now made options trading possible for its clients.
"Saxo Bank offers FX options on 43 currency pairs as well as a full suite of tools and services that had hitherto only been available to professional FX options traders," Abbato added.
The company caters various risk management tools, including the FX Options Board interface, FX Options Report for an in-depth and real time look at portfolios combining Spot FX and FX Options positions and FX Options Analytics.
The USDRUB and EURRUB FX Options are available on the SaxoTrader platform and the lowest trade size for FX Options is 10,000 units of the base currency.
Saxo Bank allows clients to trade FX, CFDs, ETFs, stocks, futures, options and other derivatives through three specialized and fully integrated multi-asset trading platforms, among others.
