Saxo Bank announced the launch of its new trading platform SaxoTraderPRO, for active traders and institutional clients, to be launched across Saxo Bank’s markets in the coming months starting with the UK and Denmark and then APAC, with remaining countries to follow later in April and during May.
The feature-rich multi-screen trading platform offers a fully customizable workspace for both Windows and Mac with no monthly fees. The interface features new high-performance tools to manage and execute orders and analyse market data. Moreover, Saxo Bank has enhanced Trade Ticket with one-click trading, shortcuts and many order types including algo orders.
The platform has new integrated risk-management tools, including account shield to protect overall account balance and custom margin alerts and margin utilisation breakdowns. Reporting includes performance overviews and detailed P/L drill down based on sector, asset, class, instrument, and time period.
Kim Fournais, Founder and CEO, said: “We were a Fintech before the term was created and the core of Saxo Bank has always been our trading technology and trading platforms. We strive to democratize trading and investment, essentially providing traders and investors with the same professional tools and market access as fund managers and large financial institutions.
“I am proud that we yet again deliver on our vision with the launch of SaxoTraderPRO. Based on our scalable business model and efficient technology, SaxoTraderPRO offers intuitive and free access to tools and functionality that has previously been the preserve of a select few and carrying hefty fees.”
Christian Hammer, Head of Platforms, commented:“We know that our active traders and institutional clients demand unparalleled access to global capital markets combined with a high level of control through advanced trading tools, fast and reliable execution and extensive options for customizations to fit their individual trading needs. To ensure exactly that, 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.”
“We have placed our clients at the center of the development process with constant feedback, early prototyping and A/B testing with in-lab usability studies. 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”, Hammer added.
SaxoTraderPRO is connected to more than 100 global providers and gives access to over 35,000 financial instruments across ETFs, stocks, bonds, CFDs, FX, Futures, and options. has its foundation in Saxo Bank’s unparalleled global capital markets access.
