Sharesight

Through partnership with Sharesight, Saxo Australia offers clients an advanced tax reporting service directly in the platform.

Industry

Fintech

Company Size

20 employees

Headquarters

Wellington, New Zealand

Sharesight’s portfolio tracking technology generates simplified share trading summaries that take the complexity out of taxation reporting and performance analysis.

Through this joint solution, Saxo clients in Australia will be able to easily obtain personalised reports for both performance tracking and tax reporting purposes, including capital gains tax reports and dividend income reports, as well as benchmarking insights to track against the market.

Challenge: Find a technology-first partner that gives access to multiple markets and instruments

Sharesight’s customers come from over 90 countries and are always looking to diversify their portfolios across geographic areas and asset classes. As a technology-driven company, Sharesight was looking to partner with a broker that shares its commitment to providing professional-grade tools to self-directed investors.

Saxo Markets serves a significant number of clients in Australia, who trade FX, CFDs, stocks, options and futures all from a single account.

Having a robust tax reporting solution is important to Saxo Markets’ Australian customers. As a customer-centric platform, Saxo Markets was keen to partner with a technology solution that was up for the challenge.

Solution: To partner with Saxo through the open API

Sharesight’s open banking model makes it simple for Saxo to connect their platforms and offer an optimised experience to their customers. Integration via open API allows Saxo Markets’ clients in Australia to create and share enhanced trading summary reports in just one click.

Partnering with Saxo gives Sharesight clients the opportunity to expand their portfolio holdings across 36 international exchanges and over 40,000 instruments.

“Our integration with Sharesight is a natural fit as both of our companies are committed to providing self-directed investors with tools that are often only available to professional investors. This integration also makes tax reporting easier for our clients, a seamless, integrated solution to reduce the ongoing burden of tax administration.”

Adam Smith
CEO, Saxo Markets


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Sharesight

About Sharesight

Sharesight is an award-winning fintech company with offices in Wellington, New Zealand and Sydney, Australia. Its secure, online portfolio tracker and performance reporting tool is used by over 100,000 DIY investors and finance professionals in over 90 countries. Sharesight syncs with brokers to track trades, dividends, and corporate actions automatically, and allows clients to securely share portfolio access with others. For more information visit: https://www.sharesight.com

The Saxo trading platform has received numerous awards and recognition. For details of these awards and information on awards visit www.home.saxo/en-au/about-us/awards

Saxo Capital Markets (Australia) Pty Ltd ABN 32 110 128 286 AFSL 280372 (‘Saxo’ or ‘Saxo Capital Markets’) is a wholly owned subsidiary of Saxo Bank A/S, headquartered in Denmark. Please refer to our General Business Terms, Financial Services Guide and Product Disclosure Statement to consider whether acquiring or continuing to hold financial products is suitable for you, prior to opening an account and investing in a financial product.

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