Multi-asset broker Saxo Bank has added a combination order ticket for all clients trading listed options in SaxoTraderGO and SaxoTraderPRO.
Rather than trading options leg-by-leg using multiple trade tickets, clients will be able to execute orders for different legs as one order. The combination order ticket provides Saxo Bank clients with unique opportunities to participate in established option strategies such as straddle, ratio spreads and iron condor. The options strategies are pre-filled and enables traders to simultaneously place orders to buy and/or sell different options from the same order ticket.
Patrice Henault, Saxo's global head of Trader Experience, said: "We see growing appetite among traders to harness the opportunities in multi-legged options trading. With this new combination order ticket, we have enhanced the ease of use by enabling our clients to quickly access and participate in established option strategies such as straddle, butterfly or iron condor, from one trade ticket."
The combination order ticket will also incorporate a display of option "Greeks" for each individual leg and strategy on the trade ticket as well as margin impact for the strategy.
The combination order ticket is available for all offered US listed equity, ETF and index options.