Saxo Bank wins Best Outsourcing Provider for White Labelling Service in Sell-Side Technology Awards 2015
Award Won for the Second Year in a Row Affirms Saxo's Leadership in White Labelling Services
The awards are designed to recognize leading technology providers through an auditable methodology and input from eight judges consisting of sell-side CIOs and consultants and Waters magazine's senior staff members.
Saxo pioneered FX white labelling in 2001 and since then its partnerships with sell-side institutions have grown to become a cornerstone of the Bank’s business. There are now 120 active White Label partners (WLPs) using Saxo’s technology, including 10 banks with cross-border activities and in 2014 alone, 10 new partnerships were established.
The success of Saxo’s platform lies in its commitment to innovate and its ability to continue to enhance its offering. Two major innovations were introduced in 2014: Saxo Portfolio Manager and Saxo Stock Options. Saxo Portfolio Manager is an integrated portfolio management and trading solution for wealth managers allowing WLPs to service self-directed, advisory and discretionary clients from one platform that integrates portfolio management, trading and reporting technology. This month, stock options were incorporated into Saxo’s WLP offering, following their successful launch to private and direct institutional clients in 2014.
Saxo offers a truly multi-asset trading platform with more than 30,000 financial products including FX (spot, forwards and options), stocks, CFDs, commodities, futures, contract options and single stock options.
Winners of the Sell-side Technology Awards were announced at an award ceremony this week hosted by Waters Technology. Attending the awards ceremony in New York and accepting the award on behalf of Saxo, Jennifer Hansen, Head of Institutional Business, said:
“Pressures on costs coupled with an inability to keep up with the pace of evolution in trading technology in-house means that banks have continued to look to Saxo to outsource their trading technology. They can choose to invest themselves in trading platforms and technology, and risk their innovations becoming obsolete in a short period of time, or they can outsource this to firms such as ours for whom innovation is in the DNA. I think the latter model is on its way to becoming the norm.”
Please find the full results here: http://events.waterstechnology.com/sstawards/static/winners-2015
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