- 11.11.2015, 14:03:40
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- OTE0006
Saxo Rolls out SaxoTraderGo to Other Banks and Brokers
Hellerup, Denmark (ots/PRNewswire) - Institutional build out to be
bolstered through deeper white label partnerships
Saxo Markets, the Institutional Division of Saxo Bank Group,
continues to enhance its institutional credentials by making its next
generation multi-asset trading platform, SaxoTraderGO, available to
its white label clients (WLCs).
The first white label clients have already gone live with
SaxoTraderGO, and the bank has seen demand from both existing and new
WLCs with a roll out taking place over the coming months. The rapid
uptake of the platform which has been very successful among Saxo's
private clients demonstrates market appetite for intuitive trading
solutions, with the platform already contributing close to 40% of the
bank's retail trading flows. Saxo will now offer access to this
superior trading experience to WLCs whose clients are increasingly
looking for a seamless trading experience across all mobile and
desktop platforms.
Saxo Bank's Head of Platforms, Christian Hammer, says: "Our existing
and new white label clients will benefit from over 20 years of
innovation and experience in trading infrastructure, allowing them to
customise their client experience and create new revenue streams.
This is both an opportunity to multiply trading volumes as well as
protect their businesses from fast technological change."
"Our ability to provide access to trading as part of a full-service
value chain, and integrate our platform to the partner's existing
interface, both differentiates our offering and highlights our
ongoing commitment to become a trading facilitator for banks and
brokers around the world."
"We believe that the combination of SaxoTraderGO which is built on an
OpenAPI offers endless customisation opportunities which will change
the way trading technology is white labelled in the future. Our
ambition is to have all +100 White Labels migrated before year end so
they can all offer their clients a version of SaxoTraderGO."
SaxoTraderGO is the bank's next generation platform launched in May
2015 built with Saxo's OpenAPI as its foundation. The OpenAPI offers
functionality across the trade cycle - from pre-trade, execution and
post-trade services for ETFs, cash stocks, CFDs, futures, Options and
FX. It will allow Saxo's institutional clients to integrate the
broker's trading and investment capabilities directly into their own
applications and systems.
Supported further by today's announcement, white label partnerships
(http://www.markets.saxo/solutions/whitelabel) remain a fundamental
part of Saxo' business, providing banks with a reliable,
sophisticated and cost-efficient way to replace outdated trading
technology. Saxo has more than 120 active white label clients using
Saxo's technology, including 10 banks with cross-border activities.
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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