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 providingon-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.”