Saxo rolls out SaxoTraderGo to other banks and brokers
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 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.
Steffen Wegner Mortensen
+45 3977 6343
About Saxo Bank
Saxo Bank Group (Saxo) is a leading multi-asset trading and investment specialist, offering a complete set of trading and investment technologies, tools and strategies.
For almost 25 years, Saxo’s mission has been to enable individuals and institutions by facilitating their access to professional trading and investing through technology and expertise.
As a fully licensed and regulated bank, Saxo enables its private clients to trade multiple asset classes across global financial markets from one single margin account and across multiple devices. Additionally, Saxo provides institutional clients such as banks and brokers with multi-asset execution, prime brokerage services and trading technology.
Saxo’s award winning trading platforms are available in more than 20 languages and form the technology backbone of more than 100 financial institutions worldwide.
Founded in 1992 and headquartered in Copenhagen, Saxo employs more than 1500 people in financial centres around the world including London, Singapore, Paris, Zurich, Dubai and Tokyo.