Saxo Opens Trading Infrastructure Access with OpenAPI Launch
OpenAPI to provide options for customizable trading infrastructures to Saxo clients, partners and external developers.
Saxo OpenAPI, which forms the foundation of the bank's multi-asset trading platform TraderGo, which launched in May this year, is aimed at providing partners, clients and external developers with the capability to customize individual trading systems.
The OpenAPI will encompass the trading lifecycle including access to over 30,000 instruments, the ability to monitor positions, balances and margins from a single API.
"REST is already widespread among tech giants who have built entire business models around Open API," says Christian Hammer, head of platforms at Saxo. "The financial industry however has been late to the party. We are essentially decoupling our infrastructure from the user experience to become a trading facilitator."
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