Saxo adds algo functionality

“TradeCommander is aimed at more sophisticated traders, who have knowledge and skill."

SaxoBank will unveil its TradeCommander algorithmic functionality on Monday to its UK-based clients. Stephan Martinussen, Saxo’s director & head of product development, says that this is the first stage and that TradeCommander will soon be available to all its clients, including retail and its white-label partners.

The functionality makes use of graphical drop-down menus, which Martinussen says will ensure that it doesn’t limit the potential user group to only those with sophisticated programming skills. Clients will be able to build up their models with numerous parameters, such as Bollinger bands, RSI and other technical indicators, as well as user-defined conditions, such as rules about cross-market correlations, contingent deals, trades based around option expiries, and entry and exist conditions.

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