LONDON, April 16, 2014 /PRNewswire/ --
Saxo Bank has been named Best Outsourcing Provider in the Sell-side Technology Awards.
The awards are designed to recognize leading technology providers through an auditable methodology and input from eight judges consisting of sell-side CIOs and consultants and Waters magazine's senior staff members.
Saxo Bank pioneered white labeling in 2001 and since then its partnerships with sell-side institutions have grown to become a cornerstone of the Bank's business. In 2013 alone, 10 banks upgraded their client technology and product offering by outsourcing to Saxo Bank's multi-asset trading platform and risk management technology. More than 100 financial institutions, including 20 with cross border activities, use Saxo Bank as their trading engine.
Matteo Cassina, Executive Vice President at Saxo Bank said: "Saxo Bank continues to be the partner of choice for financial institutions looking to replace or upgrade their trading technology. Our success rests in our ability to offer a range of solutions to support our clients' trading needs. Underpinned by innovation, this offering, combined with our revenue sharing model, allows clients to upgrade their trading systems at no upfront cost. As technology becomes even more important to the banks' profitability, we expect demand for our white label services to continue to grow."
Winners of the Sell-side Technology Awards were announced at an award ceremony in New York. Please find the full results here: http://events.waterstechnology.com/sstawards
About Saxo Bank
Saxo Bank is a leading online 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 and regulated European bank, 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 25 countries throughout Europe, Asia, the Middle East, Latin America, Africa and Australia.
SOURCE Saxo Bank