LONDON, April 29 Denmark's Saxo Bank has added
equity options to its trading platform in response to a growing
appetite for derivatives products among both retail and
institutional investors, the company said on Wednesday.
Saxo Bank, which already allows clients to trade a range of
assets including foreign exchange, contracts for difference,
exchange traded-funds and equities, will provide access to the
200 most liquid stock options in the United States, Europe and
Asia-Pacific region. A further 150 instruments will be added at
a later date, it said.
An option gives the buyer or holder the right, but not the
obligation, to buy or sell an underlying financial asset at a
Saxo Bank said there had been a 6.4 percent rise in the
number of derivatives traded on-exchange last year and that
investors were looking for more diversity in their portfolios.
"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," it said in a statement.
(Reporting by Clare Hutchison; Editing by Pravin Char)