OpenAPI will allow Saxo’s local and global institutional clients to integrate Saxo’s trading and investing capabilities directly into their own applications and systems.
Saxo Bank head of business lines, Matteo Cassina, said the bank’s mission is to make markets “more efficient through innovation”.
“The accelerated adoption of technology and the increase in mobile business-to-customer interaction presents a huge growth opportunity for our partners, offering the potential to multiply trading volumes, create new revenue streams and protect their businesses against rapid digital change,” Mr Cassina said.
Moreover, OpenAPI will also be made available to developers, allowing them to build tailor-made apps on Saxo Bank’s infrastructure.
Saxo Bank head of platforms Christian Hammer said: “Some banks already offer access to third-party developers to build specific features or apps, but we are offering much deeper functionality and access to our entire trading infrastructure.”
He added: “We are essentially decoupling our infrastructure from the user experience to become a trading facilitator."