Danish broker Saxo Bank, a provider of multi-asset trading, has launched a new co-branded introducing broker (IB) partnership with Malta’s Bank of Valletta, helping foster the use of its SaxoTraderGO technology, according to a Saxo Bank statement.
The Bank of Valetta, Malta’s largest investment bank, will integrate SaxoTraderGO in a bid to extend Saxo Bank’s trading technological capabilities to both its retail and institutional clients. SaxoTraderGO was originally launched back in May 2015, which saw the assimilation of its TradingFloor.com into a cohesive virtual trading platform.
Presently, the offering helps aggregate a wide range of utilities across the trade cycle, including both pre- and post-trade execution services for a number of asset classes, such as exchange-traded-funds (ETFs), equities, and foreign exchange (FX).
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In its latest push however, the Saxo Bank-backed platform e-Trader+ will go live in Malta, and will debut with the Bank of Valetta’s clientele. The platform will help allow investors to gain access to a wealth of functionality leveraged by existing Saxo Bank technology.
According to Pierre-Antoine Dusoulier, Head of Saxo Bank for Western Europe, in a recent statement on the integration, “Bank of Valletta is the latest of our co-branded IB partners to provide its clients with a best-in-class trading experience.”
“The launch of eTrader+ is a preliminary step in what we hope is a lasting partnership with Bank of Valletta and the Maltese investment community; combining the Bank’s already exceptional client service with Saxo’s 20 years of innovation and experience in trading infrastructure,” he added.
“Through eTrader+ powered by Saxo Bank, Bank of Valletta is offering an alternative channel to active traders, thereby strengthening its position as market leader by enriching its suite of specialised services in investments and wealth management. In collaborating with Saxo Bank, we are putting the investor in the driving seat by providing access to a robust trading platform and passing across the cost benefits,” noted Kenneth Farrugia, Chief Business Development Officer at Bank of Valletta, in an accompanying statement.