Saxo adds 520 tickers on TradingView and plans to support crypto FX offering
In its quest to go fully multi asset, Saxo plans to add support for its recently launched Crypto FX offering in the coming months.
Saxo Bank has added 520 tickers from major exchanges in Europe and Asia to its offering on TradingView, following a recent addition of stocks and CFDs on U.S. exchanges.
The online trading and investment specialist is strengthening its offering on TradingView as the social trading platform continues to grow in users looking for advanced charting tools on a wide range of instruments such as stocks, cryptocurrencies and FX.
Saxo’s presence on TradingView now features foreign exchange as well as a range of over 3,500 individual stocks and single-stock CFDs. Users get full access to TradingView’s powerful charting tools. Not free of charge, though.
The abovementioned 520 new tickers include the most traded companies from major stock exchanges: The Tokyo Stock Exchange; The Stock Exchange of Hong Kong; OMX Copenhagen; London Stock Exchange; Singapore Exchange and Deutsche Börse (XETRA).
The Danish brokerage firm is keeping up with the fast paced industry that is increasingly moving to a multi asset environment. Saxo has broadened access to global capital markets for clients to meet growing demand from retail traders.
In its quest to go fully multi asset, Saxo plans to add support for its recently launched Crypto FX offering in the coming months.
The crypto offering at Saxo allows clients to trade Bitcoin, Ethereum and Litecoin against EUR, USD, and JPY from a single margin account.
The Australian operation of Saxo has recently announced a suite of price reductions on ASX and US equities. Saxo has lowered its minimum commission to AUD 5, down from AUD 6.99 for ASX shares and ETFs, and to a minimum of USD 4 , down from USD 9.90 for US shares and ETFs.
“The retail investment market is booming locally – Saxo Markets Australia’s trading client base increased by 56% in 2020 and our new client base increased by 114%”, said Adam Smith, CEO of Saxo Australia, at the time. “We’ve also seen a spike in investors looking to trade international stocks, given that markets like the US have the breadth and liquidity required to facilitate successful trading from either the long or short side.
The Hong Kong operation of Saxo Markets appointed Richard Douglas as CEO in June, reporting to Asia Pacific CEO Adam Reynolds. He will be responsible for both Saxo’s Hong Kong and Shanghai offices, leading the overall business development and strategy of the bank’s commercial activities and further grow the Saxo brand in both markets.
In July, Saxo Bank added stocks and CFDs on U.S. exchanges to its offering on TradingView, a very popular social trading platform boasting advanced charting tools for stocks and FX instruments.
