Saxo Bank announces new account functionality on SaxoTraderGO
New tools allow traders to analyse their performance in greater depth than ever before and offer industry leading transparency
Saxo Bank, the online trading and multi-asset specialist, has today announced the launch of a new, comprehensive account functionality on SaxoTraderGO for its global client base. Clients trading under Saxo Bank A/S will have access to the new functionality from October 24 and the rest of the Saxo entities will go live during the remainder of October.
The new account section provides Saxo’s clients with a number of graphical overviews to illustrate how their account value, profit/loss, returns and bookings have changed over a selected time period. It also provides graphical representation of a client’s current and historic portfolio allocations as well as exposures to different asset classes and currencies. Clients can further choose to view an in-depth analysis of their P/L, bookings and cost by trading instrument, specific segment or sector.
Commenting on the changes, Christian Hammer, Saxo’s Head of Platforms, said: ”The evolution of SaxoTraderGO has always revolved around three core tenets: intuition, simplicity and transparency. With the new account section clients can easily view their returns on their investments, where they made or lost money and how much they paid in trading costs”.
Martin Christiansen, Platform Manager for My Account at Saxo has been in close dialogue with the users of SaxoTraderGO to ensure a best-in-class experience with the new functionality.
He said: “We have carefully listened to the demand for tools that can help clients analyse their own performance, detect strengths and weaknesses within their portfolios and identify possible pitfalls. We are proud to launch the new My Account section to bolsters our clients’ analytical capabilities.”
Since launching SaxoTraderGO in May 2015, Saxo has continuously added new instruments and functionality to its multi-asset and multi-device platform. Clients can now trade over 35,000 instruments across different asset classes and have access to tools and features aimed at facilitating greater transparency, control and price improvement on every trade. Recent additions include the implementation of Order Driven Execution for FX Spot, FX Forwards and CFDs, which provides a safer and more efficient way to fill client orders, and the signing of a partnership with Autochartist to make automated technical analysis tools and live trade signals available across asset classes.
SaxoTraderGO pioneers the trading industry’s definitive move towards seamless trading on multiple devices and away from legacy proprietary systems of the past.
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.