Saxo Bank scoops 'Best Use of IT in Investment Banking' at Banking Technology Awards
Reinforces leadership in trading technology.
Saxo Bank, the online multi-asset trading and investment specialist has reinforced its leadership in trading technology by winning Best Use of IT in Investment Banking at the Banking Technology Awards. The awards which are judged by senior members of the financial technology industry and Banking Technology’s senior staff members recognise excellence in the use of IT in financial services.
Saxo Bank has been at the forefront of trading technology outsourcing since launching its FX white label offering in 2001 and counts over 100 banks among its white label partners around the world.
Commenting on the award win, Matteo Cassina, Head of Business Lines, Saxo Bank, said:
“The trading industry is on the cusp of major change, driven by the disruptive and continuous pace of technological innovation. Banks that wish to remain competitive in this highly commoditised environment are increasingly looking to outsource their technology through white label partnerships rather than investing in proprietary technology which can be costly and depreciate very fast.
“Saxo Bank recognised this technological shift early on and our ambition is to continue to remain at the forefront of trading innovation.”
Saxo Bank’s platform offers multi-asset trading capabilities with more than 30,000 financial products including FX (spot, forwards and options), stocks, CFDs, commodities, futures, contract options and single stock options. Banks interested in using Saxo’s trading platform for their client trading can choose which products or asset classes to offer to their customers with the option to differentiate the product offering between customer segments.
The Banking Technology award win follows Saxo bank’s success at this year’s Sell-side Technology Awards where the bank was named Best Outsourcing Provider for its white label service.
Saxo Bank is a leading Fintech specialist and global multi-asset facilitator of capital markets products and services. Saxo enables private clients to trade more than 35,000 instruments from one single margin account.
Additionally, Saxo provides institutional clients such as banks and fintechs with Open Banking solutions from multi-asset execution, prime brokerage services to trading technology. Founded in 1992, Saxo Bank has embraced Open Banking from the beginning and is focused on helping clients and partners through win-win partnerships and product innovation.
Since launching its first online trading platform in 1998, Saxo Bank works to empower everyone to navigate their financial future by opening up access to trading and investment. The Saxo Group’s client assets total more than 45 billion euros, and the Group employs more than 2100 people in financial centres around the world including London, Singapore, Amsterdam, Shanghai, Hong Kong, Paris, Zurich, Dubai and Tokyo.For more information, please visit http://www.home.saxo.