Finance Feeds logo

Swissquote launches vanilla FX options on its Advanced Trader platform

Andrew Saks-McLeod, Head of Research and Analysis, ETX Capital

The new Forex Options are suitable for traders who want to diversify and hedge their trading risk in currencies, or for those who apply multi-legged strategies to benefit from as many market trends as possible

Swissquote, Switzerland’s leading online bank, is launching Vanilla FX Options on its Advanced Trader platform.

The Forex Options are European-style call and put options, which enable an even more precise and individual trading strategy.

Back in 2010 Swissquote launched its state-of-the-art Advanced Trader platform to provide clients with the full benefits of the Swissquote trading environment.

With the new Forex Options, the company now offers its customers more opportunities for foreign exchange trading, enabling traders to diversify and optimize their Forex strategies.

Forex Options – Tailored to your individual trading strategy

The new Forex Options are suitable for traders who want to diversify and hedge their trading risk in currencies, or for those who apply multi-legged strategies to benefit from as many market trends as possible (Bull, Bear & Range).

The new options are available for 45 currency pairs and come with the greatest precision:

Strike price: the strike price is determined to the fourth decimal place.

Tailored term: The date of expiry can be set to a single day up to one year.

In contrast to many conventional providers, which usually offer only weekly, monthly or annual expiration dates to choose from.

Subscribe

Read this next

Industry News

OKX to open office in Australia, starts rivalry with Kraken in Formula 1

“Our ambition is straightforward – to become the leading crypto platform in the world. We see Australia as an indispensable part of this strategy and a key growth market.”

Executive Moves

Freemarket taps Greg Sherwin as CTO of international payments and FX-focused fintech

“At Freemarket, we are focused on providing the best optimized cross-border payments and currency exchange service to our customers and Greg’s exceptional technology expertise will help us deliver even more for our customers and support their future growth and success.”

Digital Assets

Boerse Stuttgart Digital secures BaFin authorization for crypto custody

“This is the first time that an established market participant has been licensed to hold cryptocurrencies in custody without any acquisitions. This completes the unique infrastructure we offer: of all the traditional service providers operating in the European crypto market, we are now the only one-stop-shop that’s fully regulated by BaFin in Germany for brokerage, trading, and custody of digital assets. For banks, brokers, asset managers, and family offices, this makes us the infrastructure partner of choice.”

Executive Moves

Capital.com hires Simone Manni as Head of Marketing, Europe

“I am proud to join Capital.com, a dynamic, fast-growing FinTech company harnessing technology to disrupt traditional access to financial markets. My focus over the next few years will be to grow Capital.com’s market share across western Europe and to gain a stronger foothold in countries like Italy and Germany which boasts a mature and sophisticated trading community.”

Retail FX

Axi extends partnership deal with Manchester City

FX broker Axi, previously known as AxiTrader, has renewed its flagship sponsorship deal with soccer giant Manchester City.

Digital Assets

Russia delays digital ruble pilot to May

Russia has postponed its central bank digital currency (CBDC) pilot indefinitely, which was originally scheduled for April 1, as it awaits specific legislation to be voted before the “crypto ruble” trial.

russia
Executive Moves

Scope Markets promotes James Hughes to head of marketing

Belize-based FX and CFDs brokerage Scope Markets has promoted James Hughes, who until recently was its head of brand, to take on an expanded role as the company’s global head of marketing.

Retail FX

Fraudsters clone Financial Commission’s website, two ex-members under suspicion

The Financial Commission, an industry-specific dispute resolution service that caters to the financial services industry, today announced that it believes a clone website has been impersonating its membership roster.

Retail FX

CMC Markets warns of operational challenges in Q1

CMC Markets PLC (LSE:CMCX) said in a trading update for the fiscal year 2023 that February and March posed a more challenging environment with lower equity volumes and a higher proportion of lower margin institutional trading activity.

<
✖