Partnership highlights ongoing momentum in Introducing Broker business
Saxo Bank, the online multi-asset trading and investment specialist, announces today a new co-Branded Introducing Broker (IB) partnership with Bank of Valletta, the largest commercial bank in Malta.
The partnership will see Bank of Valletta use the trading technology that underpins the award-winning SaxoTraderGO which provides both retail and institutional clients with a seamless trading experience across mobile and desktop platforms. SaxoTraderGO features include complete functionality across the trade cycle – from pre-trade, execution and post-trade services for ETFs and cash stocks with potential further expansion to other asset classes.
The platform, named e-Trader+ powered by Saxo Bank, allows investors to trade from their own fully customisable personal watch list by creating a dedicated order ticket or directly from a share price chart in real time.
Pierre-Antoine Dusoulier, Head of Saxo Bank for Western Europe, said: “Bank of Valletta is the latest of our co-branded IB partners to provide its clients with a best-in-class trading experience.”
“The launch of eTrader+ is a preliminary step in what we hope is a lasting partnership with Bank of Valletta and the Maltese investment community; combining the Bank’s already exceptional client service with Saxo’s 20 years of innovation and experience in trading infrastructure.”
Kenneth Farrugia, Chief Business Development Officer at Bank of Valletta, said: “Through eTrader+ powered by Saxo Bank, Bank of Valletta is offering an alternative channel to active traders, thereby strengthening its position as market leader by enriching its suite of specialised services in investments and wealth management. In collaborating with Saxo Bank, we are putting the investor in the driving seat by providing access to a robust trading platform and passing across the cost benefits.”
As a result of this partnership, the clients of Bank of Valletta benefit from the technology of SaxoTraderGO, the bank’s next generation platform launched in May 2015. It was built with Saxo’s OpenAPI as its foundation, a very significant step for the development of Saxo Markets’ offer which enables Saxo’s institutional clients to integrate the broker’s trading and investment capabilities directly into their own applications and systems.