BlackTree buy back shares from Saxo Bank
At the same time Saxo Bank acquires the technology built by this partnership begun in 2009. This technology will now be integrated into Saxo’s own trading infrastructure.
Claus Nielsen, Head of Markets with Saxo and former Board Member of BlackTree appointed by Saxo Bank said,
“Today’s announcement is in line with Saxo Bank’s overarching strategy of focusing on the Bank’s core competencies within trading and investment and enhancing shareholder value.
“Saxo Bank’s ambition is to continue to innovate to meet the trading needs of our clients and empower them to seize opportunities in the market. At Saxo Bank, we are delighted to continue working with Black Tree in a client capacity,” added Claus Nielsen.
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.