Saxo Bank Launches New Charts on SaxoTrader

Oct 24, 2012, 04:00 ET from Saxo Bank

HELLERUP, Denmark, October 24, 2012 /PRNewswire/ --

Saxo Bank, the online multi-asset trading and investment specialist, has today launched new charts on SaxoTrader and SaxoWebTrader with enhanced functionalities.

The new charts offer significant improvements to users that include the ability to place orders using the drag and drop function, the ability to select the resolution, data range with one click and a faster update of current prices.  More reliable and easy to use annotation tools allow traders to identify trends in the market with ease and the new functionality works on both PC desktops and MAC computers.

New functionality allows customers to link the chart module to the Watchlist module, enabling them to quickly switch instruments shown in the chart. The timescale, range and technical indicator settings remain unchanged, so traders can scan the instruments available and select a trade set-up.

Alan Plaugmann, Head of Trading Experience & Products at Saxo Bank, commented:

"Our research shows that more than 70% of FX Traders use technical analysis to generate trade ideas. Therefore the chart we offer plays a crucial role in improving our clients trading activity. We have spent two years analysing client behaviour and developing the chart to ensure efficient and straightforward usability. The chart allows clients to easily work through all the steps involved in scanning and analysing the markets, before making the decisions and executing them on the platform.  The new chart offers vast improvements since clients can now simply click on the buy/sell buttons and then drag the order line to the desired level allowing them to graphically align the order with any technical indication they have identified as an opportunity.

"As ever we will continue to improve and enhance the tools we provide to give our clients a consistent, simplistic and superior trading experience. We plan at least two more upgrades in the coming six months to add further enhancements to the new chart."

The new charts will be rolled out to white label clients in November, 2012. The new charts will run simultaneously in the SaxoTrader with the old chart until December, 2012 when the old chart will be discontinued.

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. A fully licensed and regulated European bank, Saxo Bank enables clients to trade FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives via three specialised and fully integrated multi-asset trading platforms; the browser-based SaxoWebTrader, the downloadable SaxoTrader and the SaxoMobileTrader application. The platforms are available in over 20 languages and are 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, the Saxo Bank Group is headquartered in Copenhagen with [2X] local offices throughout Europe, Asia, Middle East, Latin America and Australia.

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Kasper Elbjørn
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Saxo Bank
MHP Communications

SOURCE Saxo Bank