As most markets are now electronically traded, Saxo Bank has decided to discontinue the “order routing to pit” functionality. This means that you will no longer be able to trade the following contracts on the online platform: S&P 500 Stock Index (SP), Lumber Random Length (LB), Feeder Cattle (FC) and Pork Bellies (PB).
All trading in these markets will therefore be handled offline through dealer chat or over the telephone. Please note that the commission for trading offline futures is USD 15.
Note: This change has already been implemented.
SPREAD CHANGES FOR FX OPTIONS
Please note that we are changing the spread on a range of FX Option crosses on 7 May 2008. The change in spreads has been brought on by current market conditions and to ensure that we offer the most fair pricing. FX Option pricing is dependent on market volatility among other factors and in order to give the best possible prices we need to change the spreads often as market volatility changes continuously. This time most of the spreads are being improved and thereby making it even more attractive to trade FX Options.
NOKSEK AVAILABLE FOR FX OPTION TRADING
We are happy to announce that NOKSEK will be added to our existing FX Options offering, beginning 7 May 2008.
ORDER ROUTING TO PIT
As most markets are now electronically traded, Saxo Bank has decided to discontinue the “order routing to pit” functionality. This means that you will no longer be able to trade the following contracts on the online platform: S&P 500 Stock Index (SP), Lumber Random Length (LB), Feeder Cattle (FC) and Pork Bellies (PB).
All trading in these markets will therefore be handled offline through dealer chat or over the telephone. Please note that the commission for trading offline futures is USD 15.
Note: This change has already been implemented.
SPREAD CHANGES FOR FX OPTIONS
Please note that we are changing the spread on a range of FX Option crosses on 7 May 2008. The change in spreads has been brought on by current market conditions and to ensure that we offer the most fair pricing. FX Option pricing is dependent on market volatility among other factors and in order to give the best possible prices we need to change the spreads often as market volatility changes continuously. This time most of the spreads are being improved and thereby making it even more attractive to trade FX Options.
NOKSEK AVAILABLE FOR FX OPTION TRADING
We are happy to announce that NOKSEK will be added to our existing FX Options offering, beginning 7 May 2008.
See details below:
FX.Options.spread.as.of.7.May.2008.pdf