Saxo Bank to introduce new Option Closeout report

Multi-asset investment specialist Saxo Bank plans a set of enhancements to its platforms.

A new Option Closeout report will become available in April, warning clients of upcoming expiries (and potential option closeouts due to that). “Expiry” badges will be shown in different areas on the platform:

They will be clickable and trigger the closeout report to open, providing more details and impact from four hours before the option’s expiry:

• The margin impact (current /estimated)
• The breakdown by expiry and underlying
• Estimated Option Expiry Margin: The estimated option expiry margin requirement for all options that could be in-the-money
• Weight: The weight linearly increases during the closeout risk period (two hours before option’s expiry) until it reaches 100%
• Current Option Expiry Margin = The reserved option expiry margin within the closeout period i.e. Estimated OEM x Weight

Other enhancements concern display of trading hours. Users can now choose whether they want to see the trading hours of an instrument in the exchange’s time zone (e.g. 9:30-16:00 EDT for US exchanges) or in their own local time zone (e.g. 13:30 – 20:00 GMT, if this is the client’s local time zone).

Partners who subscribe to Factset and receive analytical data for stocks and stock CFDs will see an improved Analytics page in April.