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February 18, 2014updated 04 Apr 2017 2:29pm

Saxo Bank launches futures spread trading

Online trading and investment specialist Saxo Bank has expanded its product portfolio for retail and institutional clients by introducing futures spread trading.

By Verdict Staff

Online trading and investment specialist Saxo Bank has expanded its product portfolio for retail and institutional clients by introducing futures spread trading.

The company said that its clients can trade futures spreads on a variety of assets across all of its platforms, including its SaxoTrader mobile apps for smartphone and tablets effective immediately.

The product will enable the bank’s clients to trade intramarket futures spread as well as named calendar futures spreads on a range of key contracts including gold, oil and other commodities, interest rates, bonds and major stock indices.

Patrice Henault, futures and listed options product manager at Saxo Bank, said: "The calendar spread trader positions himself between the speculator and the hedger. Rather than take risk of excessive price fluctuations, he takes on the risk in the difference between two different trading months.

"Calendar spreads are less volatile than other forms of trading including share trading, option trading and straight futures trading. In fact, it is because of such low volatility that margins for spreads are so low. Spreads typically trend more often, more steeply and for a longer time than do other forms of trading."

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