On Wednesday, the Options Industry Council (OIC) and Saxo Bank, the online trading and investment specialist, announced they have signed a content sharing agreement making OIC’s equity options educational materials available to Saxo Bank?s global client base.
Saxo Bank is a leading player in the global online trading of margin, derivatives and multi-asset products. Its multi-asset trading platforms and infrastructure deliver reliable, competitive and innovative trading solutions to both institutional and retail customers.
Mary Savoie, OIC Executive Director, said in a press release,?OIC is delighted to be working with a firm like Saxo Bank, which shares our belief that educated investors make the best customers. Saxo has been diligent and imaginative in its approach to the US listed equity options markets. We are looking forward to participating in Saxo?s upcoming roadshow which will visit five major financial centers across Europe to help profile the US equity options markets.?
Last month, OIC released a report commissioned from market analysts TABB Group and disclosed there is a high level of European retail demand from European investors.
Alan Plaugmann, Head of Platforms & Products at Saxo Bank, commented in the announcement, ?The quality of Saxo Bank?s multi-asset offering has a positive impact on client activity levels and retention rates. We are therefore pleased to have reached a content sharing agreement with OIC at a time when appetite for options trading is increasing across all types of investors. We want our clients to be able to trade to the best of their ability, and therefore we place great importance on our ability to help them develop their skills.”
He added, “Options have traditionally been perceived as complex or risky instruments, and OIC?s educational materials will be instrumental in demystifying their broad range of uses. Moreover, we are continuously evolving our services to reflect the needs of our clients, and look forward to announcing additions to our equity options trading offering shortly.?
Saxo Bank also announced that from today, stock options are available on its multi-asset class platform for retail and institutional investors.