Saxo Bank launches new trading platform
Denmark’s Saxo Bank has unveiled SaxoTraderPRO, a new platform for traders and institutional clients.
The platform offers multi-screen trading and is customisable for both Windows and Mac with no monthly fees.
Kim Fournais, founder and CEO, Saxo Bank, says: “We were a fintech before the term was created and the core of Saxo Bank has always been our trading technology and trading platforms.”
SaxoTraderPRO is set to replace the current SaxoTrader platform, while SaxoTraderGO “continues to cater to a wider range of retail traders and investors”.
Christian Hammer, Saxo Bank’s head of platforms, adds some technical details about SaxoTraderPRO: “We have worked with the latest front-end technologies such as HTML5/JS/REACT which connect to a single REST API that clients can also access directly to develop their own bespoke functionality for trading, risk monitoring or reporting purposes.”
If you enjoy Hammer time, then he notes that “a lot of unique features have been developed based on specific feedback from our beta users like the margin break down module to help our clients manage their risk”.
SaxoTraderPRO will be launched across the bank’s markets in the coming months starting with the UK and Denmark and then APAC, with remaining (unnamed) countries to follow later in April and during May.
According to Saxo Bank, it connects private and institutional clients with more than 100 global liquidity providers and exchanges to offer access to more than 35,000 financial instruments across asset classes.
Clients have access to ETFs, stocks, bonds, CFDs, forex, futures and options that are cross margined from a single account.