Online Danish investment bank Saxo Bank’s trading commentary and analysis website TradingFloor.com is launching a module to provide users with data about aggregated foreign exchange (FX) open positions of its clients, FX Week reports. With FX Open Positions, users can look for extreme positioning in specific currency pairs, or for concentrations of positions for support or resistance.
The module gives information on aggregated FX open positions across 10 major currency pairs. It consists of aggregate position ratios presenting the relative size of positions by U.S. dollar value held in a selection of currency pairs, instrument open positions showing clients’ long and short positions at any moment in a single currency pair, and normalized net positioning for a single currency pair.
Click here for the story from FX Week.