Saxo launches commodity CFDs

Saxo Bank has expanded its product line by offering commodity contracts-for-difference (CFDs). “2008 saw massive growth in the market for energy, metals and agricultural futures, and we are currently in the midst of another commodities rally as investors continue their flight from equities to investments that traditionally hold their value, such as gold and oil. Saxo Bank believes this trend is likely to continue through 2009 and we want investors to benefit from this rally. Therefore, we have launched commodity CFDs to allow traders and investors to take advantage of the potential we see in this market,” says Alan Plaugmann, the bank’s head of futures and fixed income.