Saxo Banks 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 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.