Saxo Bank

cloned777777 · Aug 19, 2005

lol

u dont know eh ..

thanx for the effort..

any ideas tho ?

Optionpro007 · Aug 19, 2005

nope, no, nada. not a clue.....

good luck...

cloned777777 · Aug 22, 2005

turnes out the price there is not same as spot.....price there is about 30 pips away from spot

DeltaDelta · Oct 8, 2005

Stay the h*** away from Saxo bank, itÂ´s a bucket shop of the worst kind. Originally called "Midas"
Damn good at marketing though. They alway seek new dealers which in their termonology means telephone people doing cold canvas.

Wittgenstein · Oct 13, 2005

Quote from cloned777777:

"didn't realize they were american-options"

so you think or do you get the impression that thats what they are saying ? ..that this is american style ? is that what you think they are saying

these loosers do not answer phones..

I like their platform.

which IB plateform should I get IB webtrader ? or individual ?

is vanilla option same as american ?

thanx by the way

Use the dealer chat.

Wittgenstein · Oct 13, 2005

Quote from DeltaDelta:

Stay the h*** away from Saxo bank, itÂ´s a bucket shop of the worst kind. Originally called "Midas"
Damn good at marketing though. They alway seek new dealers which in their termonology means telephone people doing cold canvas.

I have been using Saxo Bank for 3 years, and never had any problems. It's not a bucket shop. Very fine service.

DeltaDelta · Oct 13, 2005

Quote from Wittgenstein:

I have been using Saxo Bank for 3 years, and never had any problems. It's not a bucket shop. Very fine service.

As i recall there was another thread, in where a user had found out that you had 4 different nicks on another forum. So what you write about saxo, only lead me to believe that you are affiliated with Saxo in some capacity or other.

Cheers,

Wittgenstein · Oct 14, 2005

Quote from DeltaDelta:

As i recall there was another thread, in where a user had found out that you had 4 different nicks on another forum. So what you write about saxo, only lead me to believe that you are affiliated with Saxo in some capacity or other.

Cheers,

No, there's only one Wittgenstein. I am not affiliated with Saxo - I am only a customer. As I said, they have a very fine service, but they are not cheap. Their future commissions are too high, and their forex spreads too big. But you also get a lot of free things. I like they have 4 free newswires, including Dow Jones.

Xenia · Dec 29, 2006

Quote from Wittgenstein:

No, there's only one Wittgenstein. I am not affiliated with Saxo - I am only a customer. As I said, they have a very fine service, but they are not cheap. Their future commissions are too high, and their forex spreads too big. But you also get a lot of free things. I like they have 4 free newswires, including Dow Jones.

Spread for EUR/USD is 2 pips since Dec 01, 2006. Why canÂ´t they offer 2 pip spread also for USD/JPY ?

canadaguy · Jan 6, 2008

Quote from riskarb:

OK, I am referring to SAXO's arbitrage of the discount to intrinsic on deep ITM options in which they make a market. FORGET clone... SAXO prefers you to offset/exercise a deep ITM option as the bid is often UNDER intrinsic value. OK? Obviously nobody would exercise an option in which the posted bid was > intrinsic val. It makes no difference what Cloned intended; what he had for breakfast, nor the timing of his last bowel movement.

I want the last 30mins of my life back, my friend. Simple misunderstanding. Have a good weekend.

Finally, i find an explainatin about what i am experisnicine in my saxo demo account...

I use the folloiwng strategy to see if i can capture rollover interset, risk free (well, close to it)...

I buy 20 contracts of say the NZD/JPY
then, I sell 20 call contracts against position using the same strike price as I
paid for the spot position...I use the premium gained from the sale of the calls and buy 20 put contracts again using the soot strike price...

result? no matter what happens to the underlying my margin positino is essentially untouched...the underlying ca drop 500 pips and nothing will hppen...

what i did notice is when the spot price
felll the put option price offered would be less than the intrinic value so it wouldn't make sense to close it out...i just wait until expiry and get paid the proepr spread between my contract pr4ice and the spot as of 10:00 am. new rok time...

my purpose in doinng this is to capture the rollover interest but the demo version of saxo trDer doesn't seem to show what you receive on rollover interst..

any comments or questions are welcome