Saxo Bank Extends White-Label Offering with Stock Options Trading

Saxo, winner of the Best Outsourcing Provider at last year's Sell-Side Technology Awards, will offer its white-label clients multiple asset class trading from a single consolidated account, the use of either stocks or bonds as collateral and the ability to utilize cross product margining by putting up stocks as margin collateral for contract options trading.

According to Saxo, the requirement for multi-asset trading capabilities, pressures on costs and an inability to keep pace with the evolution in trading technology in-house have seen an increase in investors turning to white-label solutions.

"The launch reflects the growing appetite for stock options among both institutional and retail investors as indicated by the 4 percent rise in the number of derivatives traded on-exchange in 2014," says Patrice Henault, head of futures and listed options at Saxo Bank. "In particular, recent market volatility has provided attractive investment opportunities for options traders, while investors are becoming more aware of how they can hedge their exposure in asset classes such as equities or as a means of locking-in existing gains."