Saxo Bank Case study
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Case study at a glance
FAST
RESPONSE TIME
EXCEPTIONAL
CUSTOMER SUPPORT
HIGH-CAPACITY INFRASTRUCTURE
Saxo Bank specializes in online trading and investment. Since receiving European bank status in June 2001, Saxo Bank has 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 in transactions every day.
2,200+
WORLDWIDE EMPLOYEES
1992
FOUNDED
The Need
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.
Worldwide presence
Offices in 26 countries around the globe covering the world’s major financial centers
Platform advancements
Built and maintain its own powerful multi-asset trading platform for FX, CFDs, ETFs, stocks, futures, options and other derivatives
Performance and reliability
Enables users to view and analyze in real-time their trading history and performance, while integrating with the Saxo Bank trading platform
The GTT Solution
Differentiation through technical innovation
As part of its ongoing commitment to industry innovation, Saxo Bank launched its own social trading platform called tradingfloor.com. The social trading platform enables users to view and analyze in real time their trading history and performance, while integrating with the Saxo Bank trading platform, allowing users to place trades at any time.
Speed, Simplicity and Agility
The security, performance and reliability of its IT systems are 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. When speed is essential to your business, the performance of your network becomes critical. GTT provides the network infrastructure that connects Saxo Bank and its trading platforms to clients, brokers and the financial markets. GTT’s high-capacity infrastructure also provides redundancy and resilience with 10Gb connectivity between Saxo Bank’s head office and its data centers in the U.K. and Denmark.
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