In terms of functionality, it is a forward contract, rather than a spot transaction, upon which a value date in the future is selected by the trader, who then receives swap points and is fully aware of both components of the deal before the order is placed. With this addition, the company provides a trading environment which may well cater toward the more conservative trader who wishes to hedge exposure to interest rate risk. Saxo Bank released a series of forward outrights on 115 crosses on Friday last week.
A clever approach to client retention by Saxo Bank as Forward Outrights of up to twelve months introduced
