HELLERUP, Denmark, August 19, 2014 /PRNewswire/ --
Saxo Bank is pleased to announce that SaxoMobileTrader, its multi-product mobile trading platform tailored specifically to sophisticated retail clients, has been named Europe's best mobile trading platform by Global Banking and Finance Review Magazine.
The trend towards the democratisation of trading and ease of access to information has spurred an evolution in retail trading, and Saxo Bank's use of state of the art technology has been key to its success in developing its mobile offering. The use of mobile devices is becoming more widespread, particularly as retail investors become more sophisticated and demand 24/7 access to view their positions and open orders. More than 20 percent of trades executed on Saxo Bank's trading platform, Saxotrader, are done via its mobile app. Whether through its retail trading platform, TradingFloor.com, or white label partnerships, Saxo Bank expects to see this upward trajectory continue in the years to come.
With access to over 30,000 listed and OTC derivatives and securities with one margin account, Saxo Bank's SaxoMobileTrader provides its customers with market-moving news, interactive data charts and live prices, all within an easy to use mobile platform offering the same speed of execution they have come to expect with the desktop. It offers access to one of the widest product ranges available to retail clients anywhere.
Alan Plaugmann, Global Head of Products & Platforms for Saxo Bank, commented:
"We are delighted that Global Banking and Finance Review Magazine has recognised SaxoMobileTrader as a leading player in providing on-the-go trading capabilities to retail clients. 20% of trades executed on Saxo's trading platforms are now done so through mobile devices, and this trend will undoubtedly continue.
"Technology is at the core of Saxo Bank's operations and has allowed the bank to maintain its strong competitive advantage. Traders and investors increasingly demand usability, mobility, performance and service when executing trades and Saxo Bank meets these demands through its innovative trading tools and features. The firm has successfully created a robust and highly effective trading environment which includes an increased number of products and order types, platform features and functionalities. Saxo Bank's stable client base is testament to the improvements it continually makes to its platforms and core proposition, often in response to clients ideas and requests."
About Saxo Bank
Saxo Bank is an online multi-asset 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 26 countries throughout Europe, Asia, the Middle East, Latin America, Africa and Australia.
About Global Banking and Finance Review
The Global Banking and Finance Review Awards honour institutions that stand out in their particular area of expertise in the finance industry. They recognize achievement, challenge, progress and inspirational change in finance globally. Global Banking & Finance Review is an online portal which has evolved from the growing need to have a more balanced view for informative and independent news for the global banking and finance industry. It is reflected in the quality and in-depth insight provided by our experienced contributors in a clear and concise way. Global Banking and Finance Review brings together the entire fundamental and growth areas of finance and banking into one easy, informative and all-encompassing publication. We have objective and respected editorial contributions from all major sectors, such as Banking, Technology, FOREX Trading, Asset Management, Corporate Governance, Islamic Finance, Project Finance, Mergers and Acquisitions, Tax and Accounting and Inward Investment; all under one global umbrella. For Further Information please visit http://www.globalbankingandfinance.com
SOURCE Saxo Bank