HELLERUP, Denmark — For the second year in a row, Saxo has been named Best Outsourcing Provider in the Sell-side Technology Awards as it becomes the outsourcing trading technology partner of choice for the sell-side industry. 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.”
About Saxo Bank Saxo Bank is an online multi-asset trading 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, is the first multi-asset social trading platform. A fully licensed bank in Europe under supervision of Danish FSA, Saxo Bank enables clients to trade FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives on our award-winning SaxoTrader 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.