Saxo Opens Access to its Trading Infrastructure With the Launch of OpenAPI

Hellerup, Denmark (ots/PRNewswire) - Leads industry evolution by
facilitating tailored user experiences within trading and investing 

Saxo Bank, the multi-asset trading and investment specialist, is one
of the first financial institutions to give access to its trading
infrastructure through the bank's new REST based API called open API.
The move, which covers Saxo's multi-asset trading and back office
infrastructure, will allow its partners, clients and external
developers to access over 20 years of trading infrastructure
innovation and enable them to customise their trading experience and
create new revenue streams.

The REST-based API will become available to developers allowing them
to build tailor-made apps on Saxo Bank's infrastructure. It will
further allow Saxo's institutional clients, including white label
partners, to integrate Saxo's trading and investing capabilities
directly into their own applications and systems.

The Saxo OpenAPI will be unveiled at a conference today in Singapore,
which also coincides with the launch of Saxo Markets, the bank's
institutional business built around its three global hubs of
Singapore, London and Copenhagen.

Matteo Cassina, Head of Business Lines, Saxo Bank, said: "This is a
step change not just for Saxo but for our industry as a whole. Our
commitment is underpinned by our mission to democratise trading and
make markets more efficient through innovation. For a long time the
industry has grappled with the dilemma of building versus buying, but
the pace of technological change has made it impossible for
institutions to maintain an edge when it comes to innovation. The
result is a paradigm shift from a business-to-customer economy to a
so-called collaborative economy.

"The accelerated adoption of technology and the increase in mobile
business-to-customer interaction presents a huge growth opportunity
for our partners, offering the potential to multiply trading volumes,
create new revenue streams and protect their businesses against rapid
digital change," added Cassina.

The Saxo OpenAPI is the foundation of SaxoTraderGO, the next
generation platform launched by Saxo earlier this year which has
already seen 30% of Saxo's own clients migrate to the new platform.
The platform will be available in October to Saxo's white label
clients, consisting of over 120 financial institutions globally
already using Saxo's technology to facilitate trading for their end
clients.

Christian Hammer, Head of Platforms, Saxo Bank, said: "REST is
already widespread among tech giants who have built entire business
models around Open API. The financial industry however has been late
to the party. Some banks already offer access to third party
developers to build specific features or apps but we are offering
much deeper functionality and access to our entire trading
infrastructure. We are essentially decoupling our infrastructure from
the user experience to become a trading facilitator."

The OpenAPI will cover the whole trading lifecycle including access
to over 30,000 instruments, the ability to monitor positions,
balances and margin from a single API. To enable external developers
to program against the OpenAPI Saxo is launching a Developers Portal
with comprehensive documentation, libraries, sample code and
technical support. OpenAPI uses SignalR and WebSockets to achieve the
best possible performance and lowest latency. For authentication and
security control the OpenAPI also uses a combination of industry
proven SAML and OAuth 2.0 protocols.

About Saxo Bank 

Saxo Bank is an online multi-asset trading [http://www.saxobank.com ]
and investment specialist, offering private investors and
institutional clients a complete set of tools for their trading and
investment strategies. Its financial community portal,
TradingFloor.com [https://www.tradingfloor.com ], is the first
multi-asset social trading platform. A fully licensed and regulated
European bank, Saxo Bank enables clients to trade FX, CFDs, ETFs,
Stocks, Futures, Options and other derivatives on both our
award-winning SaxoTrader [http://www.saxobank.com/saxotrader ] and
newly launched SaxoTraderGO [http://www.saxobank.com/saxotrader-go ]
platform, accessible on PCs, tablets or smartphones through a single
account and available in more than 20 languages. The platform is
white-labelled by more than 100 major financial institutions
worldwide. Saxo Bank also offers professional portfolio and fund
management as well as traditional banking services through Saxo
Privatbank. Founded in 1992, Saxo Bank is headquartered in Copenhagen
and has offices in 26 countries throughout Europe, Asia, the Middle
East, Latin America, Africa and Australia.

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