COPENHAGEN, Denmark, August 20, 2014 /PRNewswire/ --
Saxo Bank, the online multi-asset trading and investment specialist, has been named Best White Label Solution Provider and Multi-Asset Liquidity Provider alongside the previously announced award for Best Mobile Trading Platform in the Global Banking and Finance Review Awards 2014. The awards aim to recognise innovation, achievement and inspirational changes taking place within the global financial community.
White label partnerships have become the cornerstone of Saxo Bank's strategy with 10 banks adopting the service in 2013 alone, bringing the total number of partnerships to 115 across 50 countries. The firm pioneered FX white labelling for banks and brokers in 2001 and since then has continued to develop its offering, helping its partners to provide their end clients access to trading in multiple asset classes, greater liquidity and risk management technology through a single account.
Saxo Bank's trading engine, Saxotrader, is available via desktop, web or mobile. Launched in 1998, Saxo was one of the first banks to offer online trading and has maintained its reputation of staying ahead of the curve through the ongoing development of its electronic offering.
Commenting on the win, Matteo Cassina, Head of Business Lines, Saxo Bank said:
"Saxo Bank's competitive edge as a white label provider derives from its ability to innovate faster than competitors and be a true solution provider to its clients.
"Our ambition is to continue to strengthen what is already a superior proposition to banks that are looking for the most cost-effective and sophisticated way to replace antiquated technology. Our clients benefit from our multi-asset class offering across the full value chain, together with state-of-art risk management and reporting functionality and reliable hosting."
Wanda Rich, Editor of Global Banking & Finance Review, said:
"Saxo Bank, a pioneer in white label solutions, consistently demonstrates a commitment to quality and innovation providing clients with the knowledge, technology and infrastructure needed to be competitive in the online trading market."
Over the past few years, Saxo Bank has strengthened its offering across multiple asset classes, most recently with the launch of equity options. The multi-asset trading platform is uniquely placed to aggregate liquidity pools across asset classes for individual and institutional clients looking to consolidate their trading with a single platform. Clients also benefit from cross asset margining, competitive pricing and deep liquidity.
About Saxo Bank
Saxo Bank is an online multi-asset trading and investment specialist, offering private investors and institutional clients a complete set of tools for their trading and investment strategies. Its financial community portal, TradingFloor.com, is the first multi-asset social trading platform. A fully licensed and regulated European bank, Saxo Bank enables clients to trade FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives on our award-winning SaxoTrader platform, accessible on PCs, tablets or smartphones through a single account and available in more than 20 languages. The platform is white-labelled by more than 100 major financial institutions worldwide. Saxo Bank also offers professional portfolio and fund management as well as traditional banking services through Saxo Privatbank. Founded in 1992, Saxo Bank is headquartered in Copenhagen and has offices in 26 countries throughout Europe, Asia, the Middle East, Latin America, Africa and Australia.
About Global Banking and Finance Review
The Global Banking and Finance Review Awards honour institutions that stand out in their particular area of expertise in the finance industry. They recognize achievement, challenge, progress and inspirational change in finance globally. Global Banking & Finance Review is an online portal which has evolved from the growing need to have a more balanced view for informative and independent news for the global banking and finance industry. It is reflected in the quality and in-depth insight provided by our experienced contributors in a clear and concise way. Global Banking and Finance Review brings together the entire fundamental and growth areas of finance and banking into one easy, informative and all-encompassing publication. We have objective and respected editorial contributions from all major sectors, such as Banking, Technology, FOREX Trading, Asset Management, Corporate Governance, Islamic Finance, Project Finance, Mergers and Acquisitions, Tax and Accounting and Inward Investment; all under one global umbrella. For Further Information please visit http://www.globalbankingandfinance.com
SOURCE Saxo Bank