Denmark based multinational investment banking and trading service provider Saxo bank has entered into a partnership with Singapore based financial technology service provider Tradesocio in a mutually beneficial deal. As per the deal signed between two parties, Tradersocio’s clients gain a means for direct liquidity connection with addition of Saxo bank to list of its partners, while Saxo bank gains access to fintech service provider’s highly popular and sought after marketplace which is made up of leading financial institutions and technology providers from across the globe. Owing to the firm’s strategic locations in global markets – Singapore, India and Cyprus, the fintech start up which was founded back in 2015 has grown exponentially. Given its disruptive business practises and ground breaking front, back and middle office solutions which are now used by major players such as top tier investment banks, hedge funds and brokerage houses, it has become a leading market player in quite a short time.
Owing to the partnership between the two parties, firms which are currently using Tradesocio’s suite of financial technology solutions now have option to integrate Saxo bank’s multi-asset liquidity solutions via FIX API as form of direct liquidity connection without need for any additional development of changes to the API. The main feature of Tradesocio’s marketplace is that the clients have access to coherent infrastructure which helps the firms with their decision making process by allowing executives of the firms to choose from diverse range of institutional trade technology solutions to suit their needs and requirements. Aside from their client management interface products ( back/front/middle office management tools), other popular services offered by Tradesocio include Mirror Trading, Self Trading, Financial Advisory Services and Portfolio Management solutions.
Saxo bank launched its first trading platform back in 1998 and has since developed an extensive range of multi-asset market access tools which are now available to the firm’s clients from across the world. The Saxo bank’s product range is highly popular in market today given its extensive client base made up of 120 banks and brokers and 300 financial intermediary service providers. Via this deal, Tradesocio network provides its clients with access to SAXO bank’s FX deep liquidity and optimised liquidity pools via seamless direct connection. Saxo bank provides institutional grade execution models on aggregated liquidity in single transaction and multi-asset support for more than 35000 instruments ranging from stocks, bonds, options, futures, forex, ETFs, CFDs and Commodities. Commenting on this deal with Saxo bank, Tradesocio CEO Wael Salem stated, “We’re excited to team up with Saxo Bank and offer our partnering financial institutions a superior liquidity solution and a low-latency execution engine, which Saxo is famous for”.
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