Saxo Bank releases new developer portal to further strengthen its Open Banking initiatives
Today Saxo Bank announces the release of its new developer portal. The portal provides technical documentation, reference guides, sample code and interactive tools for many of the technologies which in combination underpin Saxo’s Open Banking initiative.
Saxo’s Open Banking strategy is built on the premise that going forward an increasingly broader range of partnerships and collaborations will be the new disruptive factor in the financial industry. As part of this vision, Saxo has made its multi-asset trading infrastructure available to a wide ecosystem of third-party developers, fintechs, vendors and partners, enabling them to connect their enterprises directly to Saxo’s complete trading engine.
Benny Boye Johansen, Head of Open API comments:
“Open Banking has become a buzz word in the financial industry, but Saxo Bank’s multi-asset trading infrastructure is unique in actually making it possible to tap into almost any part of the value chain using a combination of APIs and technologies. Partnerships and collaboration are key to Saxo Bank’s business model as a facilitator, so we wanted the new portal to be a natural resource for developers no matter what case they were trying to fulfil.
Sometimes all requirements can be realized by a single API. For example, it is possible to write and integrate a complete trading platform via the SaxoOpenAPI, and if you are just looking for best in class liquidity and execution services, it is all available through our FIX technology. You may even combine the two technologies and use our FIX connectivity liquidity provision while at the same time use OpenAPI to source balance and margin information into your proprietary application or directly into Microsoft Excel.
At other times the full palette of technologies comes into play. A Saxo Bank White Label may use our Client Management Services API to create fund and manage their clients in our cloud. They may use our Trade Event Notification System to keep their systems in sync with client trading activity, and Saxo’s comprehensive list of End-of-Day files for all internal bookkeeping and reporting. Additionally they can use SaxoOpenAPI to integrate trading directly into their web portal or to develop a completely bespoke user front-end either complementing or completely replacing our award winning SaxoTraderGO trading platform”.
The release of the new developer portal also brings significant improvements to Saxo Bank’s Open API offering. The documentation and the developer tools have been improved and more APIs have been added. This is in line with the strategy to gradually share new functionality on an ongoing basis as it is being made available and used by Saxo’s own trading platforms.
More information here: https://www.developer.saxo
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 www.home.saxo.