Saxo  adds new functionality to SaxoTraderGO

Saxo Capital Markets UK Limited (“Saxo”), the UK subsidiary of Saxo Bank, has reduced the minimum spread for UK clients trading the UK100, the CFD index of the 100 largest UK listed companies by market capitalisation.  With spreads from as low as 0.8 basis points, Saxo now offers one of the tightest spreads in the market on the UK 100 CFD index.

The reduction in spreads took effect in early July 2017 to coincide with the launch of a new account functionality on SaxoTraderGO for its UK clients, before a planned roll-out in other regions by the end of the year. The new account section includes a performance overview which offers a detailed analysis of P/L, percentage of returns and the cash balance of selected accounts for a selected period. It further provides traders with a new analysis tool which allows them to analyse their P/L by trading product, specific segment or sector, in addition to offering a portfolio summary which gives an overview of current net holdings and historic holdings at the end of each day.

Commenting on the changes, Matteo Cassina, CEO, Saxo Capital Markets UK, said: “We are excited by the opportunity we see in the UK market. The changes we have introduced – from reducing spreads to increased platform functionality – reflect our commitment to offer the clients the tools and transparency which allow them to focus on performance. We do so by facilitating access to trading opportunities, with prudent leverage, and providing one of the most sophisticated trading platforms available to traders and investors alike.

“This commitment aligns us further with our clients’ interests and goes hand in hand with regulatory moves to introduce greater transparency to trading, which will offer clients choice based on platform depth and access to trading instruments rather than leverage. We continuously strive to be a better partner to our clients and our message is clear – we are confident in our ability to compete on cost, but we do not believe it is in our clients’ interest to compete on offering clients excessive leverage and hence risk. ”