Case Study: Saxo Bank
Since receiving European bank status in June 2001, Saxo Bank has rapidly become a leading presence in online trading thanks to its superior client service, competitive pricing and focus on the development of industry-leading trading platforms. Its innovative platforms offer a unique trading experience and are designed to give clients an edge in today’s fast-paced markets. On average its platforms manage over 11 billion dollars of transactions every day.
With a worldwide presence, which includes offices in 26 countries around the globe covering the world’s major financial centres, the Saxo Bank team of technology experts are vital for helping the company stay ahead in an intensely competitive global market. As Ashley Latham, CIO of Saxo Bank, says “We are always looking ahead to the next innovation or technical development that will push the boundaries and give our clients the edge in the market. When it comes to our vendors we expect the same ambition for innovation and high performance that is part of our culture. That’s why we chose to work with Interoute.”
Network speed, coverage and reliability.
The security, performance and reliability of its IT systems is critical to the success of Saxo Bank. It is vital that the trading platforms always respond as the business depends on real-time data. For example, when trading in foreign currency exchange rates can change up to 10 times per second and when speed is essential to your business, your network becomes critical. Interoute provides the network infrastructure that connects Saxo Bank and its trading platforms to clients, brokers and the financial markets. Interoute’s high capacity infrastructure also provides redundancy and resilience with 10Gb connectivity between Saxo Bank’s head office and its data centres in the UK and Denmark.
Differentiation through technical innovation.
Saxo Bank is an industry front runner for IT innovation that continually pushes the boundaries of its technology. Few banks offer more than one or two assets on a single trading platform. Saxo Bank’s team of over 400 developers built and maintain its own powerful multi-asset trading platform for FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives that set it apart from the rest of the market. As part of its ongoing commitment to industry innovation it recently launched its own social trading platform called tradingfloor.com. It enables users to analyse the performance and trading history of real traders, see their real time trading activity, and integrates with the Saxo Bank trading platform allowing them to place trades at any time.
Shared dynamic entrepreneurial attitudes.
Interoute and Saxo Bank share the same ambitious mind-set. While Interoute’s network is one of the largest in Europe, we also recognise the importance of local support and the value of close partnerships to help innovative new ideas evolve into industry leading products.