Saxo Bank plans new features for SaxoTraderPRO platform
The new features concern trading from charts, rearranging the Trade board and enhancements to trade tickets.
SaxoTraderPRO, the innovative trading platform launched less than a month ago by multi-asset trading and investment services provider Saxo Bank, is about to get more features. At launch, the platform already offered advanced traders high-performance tools to manage and execute orders, and to analyse market data, but Saxo already has new features to share. Without giving too much away for those in countries where the platform has yet to launch, the new features include:
- Trading from charts
This will add optional quick trade buttons to enable a user to trade directly from the chart.
- Rearrange Trade board
Ability to rearrange watchlist arranged in Trade board format directly via drag and drop.
- Default values in trade ticket
The trade ticket will now remember the last used values for most inputs in the ticket on an individual instrument basis, speeding up subsequent order entry.
Saxo Bank officially launched its all new institutional trading platform, SaxoTraderPRO, on April 4, 2018, with FinanceFeeds being the very first B2B reporting and editorial company to have seen the trading system in its finalized form, connected to a live trading environment. Senior Saxo executives explained how a number of new risk tools work. They also shed light on some of the many new reporting functionalities that private clients are able to obtain, such as a breakdown of their profit and loss in a granular fashion, with information that can be broken down via asset classes, and where all trading data can be segmented.
Another example of an innovative functionality concerns equity trading, as traders can now place trades directly within the order book. This means that traders are able to see their orders on the exchanges and use this information that they have access to when placing orders. Just like trading directly within charts, traders can now actually look inside the order book and place the trades directly in the order book.
Saxo’s senior executives explained to FinanceFeeds’ CEO Andrew Saks-McLeod that the platform was two years in development, the brainchild of between 50 to 150 developers depending on its R&D lifecycle. It was subject to user acceptance testing for 10 months with selected clients, and represents the largest platform investment ever made by Saxo Bank.
