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
At Saxo we believe that when you invest, you unlock a new curiosity for the world around you. As a provider of multi-asset trading and investment solutions, Saxo’s purpose is to Get Curious People Invested in the World. We are committed to enabling our clients to make more of their money. Saxo was founded in Copenhagen, Denmark in 1992 with a clear vision: to make the global financial markets accessible for more people. In 1998, Saxo launched one of the first online trading platforms in Europe, providing professional-grade tools and easy access to global financial markets for anyone who wanted to invest.
Today, Saxo is an international award-winning investment firm for investors and traders who are serious about making more of their money. As a well-capitalised and profitable Fintech, Saxo is a fully licensed bank under the supervision of the Danish FSA, holding broker and banking licenses in multiple jurisdictions. As one of the earliest fintechs in the world, Saxo continues to invest heavily into our technology. Saxo’s clients and partners enjoy broad access to global capital markets across asset classes on our industry-leading platforms. Our open banking technology also powers more than 200 financial institutions as partners by boosting the investment experience they can offer their clients. Keeping our headquarters in Copenhagen, Saxo has more than 2,500 professionals in financial centres around the world including London, Singapore, Amsterdam, Hong Kong, Zurich, Dubai and Tokyo.
For more information, please visit: www.home.saxo