Saxo Bank’s leadership in trading innovation recognised by Global Banking and Finance Review Awards
Saxo Bank, the online multi-asset trading and investment specialist, has been named Best White Label Solution Provider and Multi-Asset Liquidity Provider alongside the previously announced award for Best Mobile Trading Platform in the Global Banking and Finance Review Awards 2014. The awards aim to recognise innovation, achievement and inspirational changes taking place within the global financial community.
White label partnerships have become the cornerstone of Saxo Bank’s strategy with 10 banks adopting the service in 2013 alone, bringing the total number of partnerships to 115 across 50 countries. The firm pioneered FX white labelling for banks and brokers in 2001 and since then has continued to develop its offering, helping its partners to provide their end clients access to trading in multiple asset classes, greater liquidity and risk management technology through a single account.
Saxo Bank’s trading engine, Saxotrader, is available via desktop, web or mobile. Launched in 1998, Saxo was one of the first banks to offer online trading and has maintained its reputation of staying ahead of the curve through the ongoing development of its electronic offering.
Commenting on the win, Matteo Cassina, Head of Business Lines, Saxo Bank said:
“Saxo Bank’s competitive edge as a white label provider derives from its ability to innovate faster than competitors and be a true solution provider to its clients.
“Our ambition is to continue to strengthen what is already a superior proposition to banks that are looking for the most cost-effective and sophisticated way to replace antiquated technology. Our clients benefit from our multi-asset class offering across the full value chain, together with state-of-art risk management and reporting functionality and reliable hosting.”
Wanda Rich, Editor of Global Banking & Finance Review, said:
“Saxo Bank a pioneer in white label solutions consistently demonstrates a commitment to quality and innovation providing clients with the knowledge, technology and infrastructure needed to be competitive in the online trading market.”
Over the past few years, Saxo Bank has strengthened its offering across multiple asset classes, most recently with the launch of equity options. The multi-asset trading platform is uniquely placed to aggregate liquidity pools across asset classes for individual and institutional clients looking to consolidate their trading with a single platform. Clients also benefit from cross asset margining, competitive pricing and customised liquidity.
Saxo Bank Group (Saxo) is a leading Fintech specialist focused on multi-asset trading and investment and delivering ‘Banking-as-a-Service’ to wholesale clients.
For 25 years, Saxo’s mission has been to democratize investment and trading, enabling clients by facilitating their seamless access to global capital markets through technology and expertise.
As a fully licensed and regulated bank, Saxo enables its direct clients to trade multiple asset classes across global financial markets from one single margin account and across multiple devices. Additionally, Saxo provides wholesale institutional clients such as banks and brokers with multi-asset execution, prime brokerage services and trading technology, supporting the full value chain delivering Banking-as-a-Service (BaaS).
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 launching its first online trading platform in 1998, Saxo Bank was a Fintech even before the term was created. Headquartered in Copenhagen Saxo today employs more than 1500 people in financial centers around the world including London, Paris, Zurich, Dubai, Singapore, Shanghai, Hong Kong and Tokyo.