Saxo Bank announces new account functionality on SaxoTraderGO
New tools allow traders to analyse their performance in greater depth than ever before and offer industry leading transparency
Saxo Bank, the online trading and multi-asset specialist, has today announced the launch of a new, comprehensive account functionality on SaxoTraderGO for its global client base. Clients trading under Saxo Bank A/S will have access to the new functionality from October 24 and the rest of the Saxo entities will go live during the remainder of October.
The new account section provides Saxo’s clients with a number of graphical overviews to illustrate how their account value, profit/loss, returns and bookings have changed over a selected time period. It also provides graphical representation of a client’s current and historic portfolio allocations as well as exposures to different asset classes and currencies. Clients can further choose to view an in-depth analysis of their P/L, bookings and cost by trading instrument, specific segment or sector.
Commenting on the changes, Christian Hammer, Saxo’s Head of Platforms, said: ”The evolution of SaxoTraderGO has always revolved around three core tenets: intuition, simplicity and transparency. With the new account section clients can easily view their returns on their investments, where they made or lost money and how much they paid in trading costs”.
Martin Christiansen, Platform Manager for My Account at Saxo has been in close dialogue with the users of SaxoTraderGO to ensure a best-in-class experience with the new functionality.
He said: “We have carefully listened to the demand for tools that can help clients analyse their own performance, detect strengths and weaknesses within their portfolios and identify possible pitfalls. We are proud to launch the new My Account section to bolsters our clients’ analytical capabilities.”
Since launching SaxoTraderGO in May 2015, Saxo has continuously added new instruments and functionality to its multi-asset and multi-device platform. Clients can now trade over 35,000 instruments across different asset classes and have access to tools and features aimed at facilitating greater transparency, control and price improvement on every trade. Recent additions include the implementation of Order Driven Execution for FX Spot, FX Forwards and CFDs, which provides a safer and more efficient way to fill client orders, and the signing of a partnership with Autochartist to make automated technical analysis tools and live trade signals available across asset classes.
SaxoTraderGO pioneers the trading industry’s definitive move towards seamless trading on multiple devices and away from legacy proprietary systems of the past.
At Saxo we believe that when you invest, you unlock a new curiosity for the world around you. As a provider of multi-asset trading and investment solutions, Saxo’s purpose is to Get Curious People Invested in the World. We are committed to enabling our clients to make more of their money. Saxo was founded in Copenhagen, Denmark in 1992 with a clear vision: to make the global financial markets accessible for more people. In 1998, Saxo launched one of the first online trading platforms in Europe, providing professional-grade tools and easy access to global financial markets for anyone who wanted to invest.
Today, Saxo is an international award-winning investment firm for investors and traders who are serious about making more of their money. As a well-capitalised and profitable Fintech, Saxo is a fully licensed bank under the supervision of the Danish FSA, holding broker and banking licenses in multiple jurisdictions. As one of the earliest fintechs in the world, Saxo continues to invest heavily into our technology. Saxo’s clients and partners enjoy broad access to global capital markets across asset classes on our industry-leading platforms. Our open banking technology also powers more than 200 financial institutions as partners by boosting the investment experience they can offer their clients. Keeping our headquarters in Copenhagen, Saxo has more than 2,500 professionals in financial centres around the world including London, Singapore, Amsterdam, Hong Kong, Zurich, Dubai and Tokyo.
For more information, please visit: www.home.saxo