Saxo Bank Debuts FX Correlations Tool

copenhagen
Danish broker-turned-investment bank Saxo Bank is upgrading its online portal steadily over the coming months.

Saxo Bank has announced that a corellations tool is the latest enhancement for its online foreign exchange (FX) trading platform TradingFloor.com.

The new module visualizes data relationships pertaining to price and exposures as they relate to major currency pairs. It is the third such enhancement this year, with more planned on an iterative release schedule.

"The grammar of relationships displayed in the tool is quite easy to grasp," says Jeffrey Lins, head of advanced research and innovation at Saxo Bank. "They are visually rendered through connections, shapes, colours and sizes which float in a kind of particle system ─ something like the physics of the real world - making interaction with the module fun."

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