HELLERUP, Denmark, November 11, 2015 /PRNewswire/ --
Institutional build out to be bolstered through deeper white label partnerships
Saxo Markets, the Institutional Division of Saxo Bank Group, continues to enhance its institutional credentials by making its next generation multi-asset trading platform, SaxoTraderGO, available to its white label clients (WLCs).
The first white label clients have already gone live with SaxoTraderGO, and the bank has seen demand from both existing and new WLCs with a roll out taking place over the coming months. The rapid uptake of the platform which has been very successful among Saxo's private clients demonstrates market appetite for intuitive trading solutions, with the platform already contributing close to 40% of the bank's retail trading flows. Saxo will now offer access to this superior trading experience to WLCs whose clients are increasingly looking for a seamless trading experience across all mobile and desktop platforms.
Saxo Bank's Head of Platforms, Christian Hammer, says: "Our existing and new white label clients will benefit from over 20 years of innovation and experience in trading infrastructure, allowing them to customise their client experience and create new revenue streams. This is both an opportunity to multiply trading volumes as well as protect their businesses from fast technological change."
"Our ability to provide access to trading as part of a full-service value chain, and integrate our platform to the partner's existing interface, both differentiates our offering and highlights our ongoing commitment to become a trading facilitator for banks and brokers around the world."
"We believe that the combination of SaxoTraderGO which is built on an OpenAPI offers endless customisation opportunities which will change the way trading technology is white labelled in the future. Our ambition is to have all +100 White Labels migrated before year end so they can all offer their clients a version of SaxoTraderGO."
SaxoTraderGO is the bank's next generation platform launched in May 2015 built with Saxo's OpenAPI as its foundation. The OpenAPI offers functionality across the trade cycle - from pre-trade, execution and post-trade services for ETFs, cash stocks, CFDs, futures, Options and FX. It will allow Saxo's institutional clients to integrate the broker's trading and investment capabilities directly into their own applications and systems.
Supported further by today's announcement, white label partnerships remain a fundamental part of Saxo' business, providing banks with a reliable, sophisticated and cost-efficient way to replace outdated trading technology. Saxo has more than 120 active white label clients using Saxo's technology, including 10 banks with cross-border activities.
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 both our award-winning SaxoTrader and newly launched SaxoTraderGO 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.
SOURCE Saxo Bank