Saxo Bank Launches Four New Exotic Crosses
HELLERUP, Denmark, September 26, 2013 /PRNewswire/ --
Saxo Bank, the multi-asset online trading and investment specialist, today launches four new exotic currency and precious metals crosses to its extensive spot FX and spot Precious Metals offering. The crosses available to trade today are Euro versus Israeli Shekel (EURILS), Gold versus Turkish Lira (XAUTRY), Gold versus Thai Baht (XAUTHB) and Platinum versus African Rand (XPTZAR).
This expands Saxo Bank's FX spot offering to a total of 180 pairs of which 17 are spot metal crosses versus Gold, Silver, Platinum and Palladium. Whilst niche products, these exotic crosses complement Saxo Bank's industry-leading offering in the Spot FX, Spot Precious Metals and OTC FX Options space and offer clients a wider range of trading and hedging opportunities.
Didier Abbato, Vice President, Product Management at Saxo Bank, comments: "These are niche products however we do anticipate demand from our clients whose needs have become increasingly specialist. Our ability to create such crosses demonstrates our commitment to our clients' sophisticated trading requirements and highlights the flexibility and superiority of our offering. We believe that this gives us an advantage over others in the market, and helps us to attract sophisticated traders."
About Saxo Bank
Saxo Bank is a leading online trading and investment specialist, offering private investors and institutional clients a complete set of tools for their trading and investment strategies. A fully licensed and regulated European bank, Saxo Bank enables clients to trade FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives via three specialised and fully integrated multi-asset trading platforms; the browser-based SaxoWebTrader, the downloadable SaxoTrader and the SaxoTrader app. The platforms are available in over 20 languages and are white-labelled by more than 100 major financial institutions worldwide. Saxo Bank also offers professional portfolio and fund management as well as traditional banking services through Saxo Privatbank. Founded in 1992, the Saxo Bank Group is headquartered in Copenhagen with local offices in 25 countries throughout Europe, Asia, Middle East, Latin America, Africa and Australia.
SOURCE Saxo Bank