FX news: Saxo Japan launches new products on platform
Saxo Bank is launching two new CFD products in Japan following its acceptance as a member of the Japan Securities Dealers Association. The Danish bank will make the two new products – Index-tracking CFDs and Commodity CFDs – available from today.
Index-tracking CFDs allow retail investors to trade CFDs against an entire index on real-time prices. They are linked to the performance of a stock market index and can be short sold. Saxo Bank offers double leverage on its index-tracking CFDs.
Commodity CFDs allow clients to employ leveraged commodity trading with reduced collateral. They offer direct exposure to the underlying commodity and introduce greater flexibility than trading on futures according to the Saxo press release.
Both products are available through Saxo Bank’s trading platforms, SaxoWebTrader, SaxoTrader and SaxoMobileTrader.