Technology
Saxo Bank Launches Social Trading Portal For Investors

Saxo Bank has launched a new online social trading community for investors, enabling traders around the world to share their trades with peers and transform trading into a social experience.
Saxo Bank, the
Copenhagen-headquartered investment specialist, has launched a
new online social trading community for investors. The beta
version of TradingFloor.com enables traders around the world to
share their trades with peers and transforms trading into a
social experience, the firm said in a statement.
“We want to set free the peer-to-peer power of traders around the
globe by enabling them to connect online with experienced and
like-minded investors who are tired of input from salespeople
from traditional banks,” said Saxo Bank’s co-founders and co-CEOs
Kim Fournais and Lars Seier Christensen when commenting on the
launch.
On the new site, live now at beta.tradingfloor.com, investors can
share their trades in a community where all performance data is
verified so traders can be sure of the performance of the people
they choose to follow or copy. Saxo said it is the first
financial firm to move into multi-asset online social trading,
and added that the portal may be a game changer.
“We are now enabling investors to share their trades openly,
interact with each other, post comments and strategies, discuss
ideas, follow and copy each other. We believe that this may
radically change how investors will go about trading FX, CFDs,
options, futures, bonds and equities in the future, making
trading a social experience,” explained Fournais and Seier
Christensen.
The portal also features a range of content for traders, such as
market news and views, data, insights and trade ideas from Saxo
Bank’s research teams. In addition, a real-time trade stream will
reveal the current market sentiment, while an on-demand TV
channel will report live from the firm’s own trading floor.
In related news, Saxo Bank recently appointed Matteo Cassina to
the newly created position of global head of institutional
business, as part of the firm’s strategy to bolster institutional
growth through its office in London. Read more on that story,
here.