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 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.