Saxo Bank has launched SaxoTraderPRO, a new trading platform for private traders and institutional clients. This will replace the current SaxoTrader platform, while SaxoTraderGO continues to cater to a wider range of retail traders and investors.
The FinTech specialist connects users with more than 100 global liquidity providers and exchanges to offer access to more than 35,000 financial instruments across stocks, bonds, ETFs, CFDs, foreign exchange, futures and options that are cross margined from a single account.
The new multi-screen trading platform offers a fully customisable workspace for both Windows and Mac, with no monthly fees.
Kim Fournais, Saxo Bank founder and chief executive, said: “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.”
The bank’s head of platforms Christian Hammer said they 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,” he continued, adding: “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 the Asia-Pacific region, with remaining countries to follow later in April and May.
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