Saxo Bank Announces new FX Crosses and Price Improvements

Jan 06, 2014, 04:00 ET from Saxo Bank

HELLERUP, Denmark, January 6, 2014 /PRNewswire/ --

Saxo Bank, the online multi-asset trading and investment specialist, has announced several improvements in its FX offering in response to developments in the global markets and to better accommodate the needs of its global client base.

As a pioneer within the FX retail space, Saxo Bank consistently seeks to develop its proposition proactively. The bank is therefore pleased to announce the launch of two new currency crosses against the Croatian Kuna, EURHRK and USDHRK. These additions to the platform will particularly benefit Saxo Bank's significant client base in Eastern and Central Europe, which underlines the global nature of the bank's services and products.

In addition, from 2nd January Saxo Bank will halve its spreads on USDTHB enabling retail clients to trade this currency pair on spreads of 25 pips. In response to the ongoing volatility in the THB, Saxo Bank has taken the decision to increase its competitiveness on the USDTHB cross which, alongside the recent launch of the XAUTHB cross, will allow clients greater flexibility in their investment and hedging strategies.

About Saxo Bank

Saxo Bank is a leading online trading and investment specialist. A fully licensed and regulated European bank, Saxo Bank enables private investors and institutional clients to trade FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives via three specialised and fully integrated trading platforms; the browser-based SaxoWebTrader, the downloadable SaxoTrader and the SaxoMobileTrader application available in over 20 languages. Saxo Bank also offers professional portfolio and fund management through Saxo Asset Management who accommodates high-net worth private clients and institutional investors and provides banking services and advice to retail clients through Saxo Privatbank. The Saxo Bank Group is headquartered in Copenhagen with offices throughout Europe, Asia, Middle East, Latin America and Australia.

SOURCE Saxo Bank