Saxo has also announced a partnership with trading technology provider Cognotec. As part of the deal, Saxo will stream prices to Cognotec’s new RealStream Margin Trading platform. This appears to be the first case of a platform such as Saxo opening up its front end and it will potentially lead to a wider distribution of the bank’s products.
“We are delighted to partner with a progressive bank, such as Saxo Bank, with its depth of FX experience, and particularly their leading profile in the professional retail trading market. We are very excited about the potential for growth in this market and believe this agreement benefits the position of both parties to participate in that growth and ultimately provide our partners with a market-leading solution,” says Cognotec’s chief executive Brian Maccaba.