Saxo Bank launches social trading community
23 January 2014 | 4423 views | 0
Denmark's Saxo Bank has unveiled an online social trading community where investors can share and discuss strategies.
Users can share their trades at the TradingFloor portal, where performance data is verified so that their fellow investors can confidently choose who to follow and copy.
The site also features market news and views, data, insights and trade ideas from Saxo Bank's research teams and VIP authors. A real-time trade stream will show current market sentiment.
A 'one click trading' feature enables traders to read an idea and place an order in a single step, while the site's reporting system lets users analysis their performance instantly.
Saxo has signed up ITV News correspondent Angus Walker who will work with former Bloomberg and BBC World anchor Owen Thomas to front the portal's on-demand TV channel, reporting from the bank's own trading floor.
Say Saxo Bank's co-CEOs Kim Fournais and Lars Seier Christensen: "At the new TradingFloor.com, you can see what the best participating traders are doing with their own money in any asset class of your choice. We are deliberately only featuring real traders with real accounts trading their own money to ensure a social trading community of serious investors."