Saxo Bank uses Interoute’s advanced network to support its multi-asset trading platform
Award winning trading platform updates currency prices 10 times every second and manages 11 billion dollars of transactions daily.
London, 15th September, 2015 – Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has announced that Saxo Bank, a specialist in global online trading and investment, is leveraging Interoute’s high capacity low latency network to connect its award winning multi-asset trading platform to the bank’s clients, brokers and the global financial markets.
Saxo Bank, an Interoute customer since 2009, is a leading provider of multi-asset trading solutions to banks, brokers and end investors. Its innovative platforms offer a unique trading experience and are designed to give clients an edge in today’s increasingly complex trading environment where technology plays a key role. On average its platforms facilitate 11 billion dollars of transactions every day.1
Interoute’s advanced network provides the highest level of redundancy and resiliency to ensure the trading platform can respond at high speed to real-time data, such as foreign currency exchange rates, which can change up to 10 times per second. Interoute’s network supports the trading platform with a 10Gb network connection between Saxo Bank’s head office and data centres in the UK and Denmark and an MPLS network connecting Saxo Bank with its regional offices worldwide.
With a global presence, including offices in 26 countries, Saxo Bank’s team of technology experts are vital to the company’s ambition to stay ahead in an intensely competitive global market. The security, performance and reliability of its IT systems are also critical to its success.
Ashley Latham, CIO of Saxo Bank, comments: “Financial markets can be very volatile, hundreds of thousands of prices are updated every second. It is critical for us that we get the right price at the right time from the market and we send these prices onto our clients. In the global trading market our innovative trading platform provides the opportunity and Interoute provides the high performance network to keep it constantly updated and available.”
With the help of Interoute’s infrastructure, Saxo Bank also launched the world’s first multi-asset social trading platform in January 2014. Tradingfloor.com 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.
Matthew Finnie, CTO of Interoute, adds: “Saxo Bank is an industry front runner for IT innovation in online trading, and relies on having fast, reliable and secure global connectivity to keep its services ahead of the competition. This is a good example of how Interoute can enhance the infrastructure of a digital business like Saxo Bank and ensure the high performance of its online services. As speed becomes ever more business critical, we’re seeing a growing demand from international businesses for our global expertise in delivering network solutions.”
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Notes to the editor
1. Trading volumes: Daily average for June 2015: http://www.saxobank.com/investor-relations/transparency
About Saxo Bank
Saxo Bank is an online multi-asset trading and investment specialist, offering private investors and institutional clients a complete set of tools for their trading and investment strategies. Its financial community portal, TradingFloor.com, is the first multi-asset social trading platform. A fully licensed and regulated European bank, Saxo Bank enables clients to trade FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives on both our award-winning SaxoTrader and newly launched SaxoTraderGO platform, accessible on PCs, tablets or smartphones through a single account and available in more than 20 languages. The platform is white-labelled by more than 100 major financial institutions worldwide. Saxo Bank also offers professional portfolio and fund management as well as traditional banking services through Saxo Privatbank. Founded in 1992, Saxo Bank is headquartered in Copenhagen and has offices in 26 countries throughout Europe, Asia, the Middle East, Latin America, Africa and Australia.
Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centres, 14 virtual data centres and 31 colocation centres, with connections to 195 additional third-party data centres across Europe. Its full-service Unified ICT platform serves international enterprises and many of the world’s leading service providers, as well as governments and universities. Interoute’s Unified ICT strategy provides solutions for enterprises seeking connectivity and a scalable, secure advanced platform on which they can build their voice, video, computing and data services, as well as service providers in need of high capacity international data transit and infrastructure. With established operations throughout Europe and USA, Interoute also owns and operates 24 connected city networks within Europe's major business centres. www.interoute.com