The two new launches will allow clients to implement strategies that combine both spot and options in the Russian Ruble, all from the same account, the firm said.

Saxo Bank offers Forex vanilla options for currency crosses including gold and silver, and Forex binary touch options on six of the most traded currency crosses. 

The two new crosses complement Saxo Bank’s offering to support clients’ trading strategies and to enable them to manage complex portfolios, the firm said.

“The Russian Ruble is attractive to many investors, and we have now made options trading possible for our clients. Saxo Bank offers FX options on 43 currency pairs as well as a full suite of tools and services that had hitherto only been available to professional FX options traders,” said Didier Abbato, vice president, product management, at Saxo Bank.

The USDRUB and EURRUB FX Options are now available on the SaxoTrader platform. Minimum trade size for FX Options is 10,000 units of the base currency.