Saxo Opens Access to its Trading Infrastructure With the Launch of OpenAPI

PR61835

HELLERUP, Denmark, Sept. 17, 2015 / PRNewswire=KYODO JBN / --

Leads industry evolution by facilitating tailored user experiences within

trading and investing

Saxo Bank, the multi-asset trading and investment specialist, is one of the

first financial institutions to give access to its trading infrastructure

through the bank's new REST based API called open API. The move, which covers

Saxo's multi-asset trading and back office infrastructure, will allow its

partners, clients and external developers to access over 20 years of trading

infrastructure innovation and enable them to customise their trading experience

and create new revenue streams.

The REST-based API will become available to developers allowing them to build

tailor-made apps on Saxo Bank's infrastructure. It will further allow Saxo's

institutional clients, including white label partners, to integrate Saxo's

trading and investing capabilities directly into their own applications and

systems.

The Saxo OpenAPI will be unveiled at a conference today in Singapore, which

also coincides with the launch of Saxo Markets, the bank's institutional

business built around its three global hubs of Singapore, London and Copenhagen.

Matteo Cassina, Head of Business Lines, Saxo Bank, said: "This is a step change

not just for Saxo but for our industry as a whole. Our commitment is

underpinned by our mission to democratise trading and make markets more

efficient through innovation. For a long time the industry has grappled with

the dilemma of building versus buying, but the pace of technological change has

made it impossible for institutions to maintain an edge when it comes to

innovation. The result is a paradigm shift from a business-to-customer economy

to a so-called collaborative economy.

"The accelerated adoption of technology and the increase in mobile

business-to-customer interaction presents a huge growth opportunity for our

partners, offering the potential to multiply trading volumes, create new

revenue streams and protect their businesses against rapid digital change,"

added Cassina.

The Saxo OpenAPI is the foundation of SaxoTraderGO, the next generation

platform launched by Saxo earlier this year which has already seen 30% of

Saxo's own clients migrate to the new platform. The platform will be available

in October to Saxo's white label clients, consisting of over 120 financial

institutions globally already using Saxo's technology to facilitate trading for

their end clients.

Christian Hammer, Head of Platforms, Saxo Bank, said: "REST is already

widespread among tech giants who have built entire business models around Open

API. The financial industry however has been late to the party. Some banks

already offer access to third party developers to build specific features or

apps but we are offering much deeper functionality and access to our entire

trading infrastructure. We are essentially decoupling our infrastructure from

the user experience to become a trading facilitator."

The OpenAPI will cover the whole trading lifecycle including access to over

30,000 instruments, the ability to monitor positions, balances and margin from

a single API. To enable external developers to program against the OpenAPI Saxo

is launching a Developers Portal with comprehensive documentation, libraries,

sample code and technical support. OpenAPI uses SignalR and WebSockets to

achieve the best possible performance and lowest latency. For authentication

and security control the OpenAPI also uses a combination of industry proven

SAML and OAuth 2.0 protocols.

About Saxo Bank

Saxo Bank is an online multi-asset trading [http://www.saxobank.com/] 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 [https://www.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 [http://www.saxobank.com/saxotrader] and newly launched SaxoTraderGO

[http://www.saxobank.com/saxotrader-go] 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