Saxo Bank Scoops Best Use of IT in Investment Banking at Banking Technology Awards

LONDON, November 21, 2014 /PRNewswire/ --

Reinforces leadership in trading technology

Saxo Bank, the online multi-asset trading and investment specialist has reinforced its leadership in trading technology by winning Best Use of IT in Investment Banking at the Banking Technology Awards. The awards which are judged by senior members of the financial technology industry and Banking Technology's senior staff members recognise excellence in the use of IT in financial services.

Saxo Bank has been at the forefront of trading technology outsourcing since launching its FX white label offering in 2001 and counts over 100 banks among its white label partners around the world.

Commenting on the award win, Matteo Cassina, Head of Business Lines, Saxo Bank, said:

"The trading industry is on the cusp of major change, driven by the disruptive and continuous pace of technological innovation. Banks that wish to remain competitive in this highly commoditised environment are increasingly looking to outsource their technology through white label partnerships rather than investing in proprietary technology which can be costly and depreciate very fast.

"Saxo Bank recognised this technological shift early on and our ambition is to continue to remain at the forefront of trading innovation."

Saxo Bank's platform offers multi-asset trading capabilities with more than 30,000 financial products including FX (spot, forwards and options), stocks, CFDs, commodities, futures, contract options and single stock options. Banks interested in using Saxo's trading platform for their client trading can choose which products or asset classes to offer to their customers with the option to differentiate the product offering between customer segments.

The Banking Technology award win follows Saxo bank's success at this year's Sell-side Technology Awards where the bank was named Best Outsourcing Provider for its white label service.

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.