Saxo upgrades trading platform

Source: Saxo Bank

Saxo Bank, the specialist in online trading and investment, today announced the launch of SaxoTrader 2.5, the latest update to its multi-asset class trading platform. The new version includes improved navigation and added features to manage positions and orders, and will be made available to customers in July 2011.

Saxo Bank has replaced the old SaxoTrader menu with an intuitive, easily navigable ribbon-style toolbar. The menu items are now grouped by function which takes up less screen space whilst making the breadth of functions available more accessible and simple to use. "News and Research" as well as "Account" tabs enable users to easily access all the information they need. In addition, new product icons clearly differentiate the various products tradable on the platform.

Enhanced position management features include a module allowing users to view and manage positions and related orders in one integrated workflow. This enables to flexibly close positions, set stop and limit orders, and provides users with a customisable display of all open and closed positions. A heatmap visualisation gives them an additional instant overview of the performance of their positions.

Henrik Dyrholm Holst, Head of Platform Management at Saxo Bank, commented that, "SaxoTrader 2.5 is designed to make trading even faster and more efficient. Nowadays, traders demand intuitive tools that are rich in data and analytics. SaxoTrader is a multi-asset trading platform with a specific set of tools for each asset class. We have therefore focused on making the trading experience for all types of traders as positive and intuitive as possible, and clearly guide users through the broad range of features on the platform."

This latest release is a subset of the functionality Saxo Bank will be adding to SaxoTrader. The Bank will continue to upgrade the platform in phases this year.

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