Multi-asset investment specialist Saxo Bank announces extended FXO expiries.

The company has reopened the offering of FX Options contracts with maturities of up to one year for the following instruments: CAD/CHF, CHF/JPY, CHF/NOK, EUR/CHF, GBP/CHF, and USD/CHF.

The offering was previously limited to 180 days due to negative rates in CHF, but this limitation has been resolved with the latest rate hikes.

Saxo Bank has also removed minimum price steps for FX orders.

As of December 1, 2022, Saxo Bank removed the minimum step for FX resting orders. This makes it possible to set order prices in the same price increments as the desired crosses are traded in, typically down to deci-pip level.

For instance, EUR/USD limit and stop orders can be placed in 0.00001 price increments and USD/JPY orders can be placed in 0.001 increments.