Danish service provider Saxo Bank has launched a new partnership with Autochartist, helping facilitate a range of functionalities via the use of automated technical analysis and live trade signals across asset classes for its clients, according to a Saxo statement.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong.
In particular, the new collaboration will entail an integration of Autochartist’s tools into SaxoTraderGO, its online trading platform, in essence strengthening the ability of its clients to utilize automated analysis. The partnership is important as it creates a unified portal for Saxo’s clients to garner this type of information and trade signals.
The integration will allow for the support of customizable filters for traders to better isolate their prospective opportunities with their preferred asset classes and trading strategies. Added utility is at a premium for traders and the ability to use Autochartist’s algorithms will aim to help SaxoTraderGO clients to better navigate their activities.
ATFX Institutional Business Continues to Expand: Adding a New Prime BrokerGo to article >>
As such, each trade signal presents a simplified overview of analysis for a given asset and an automatically calculated entry price, take-profit target, and stop loss that clients will be able to trade directly in the platform. In addition to its trading constituency, the new capabilities will also be available to white label clients.
According to Kim Cramer Larsson, Platform Manager & Technical Analyst, Saxo Bank, in a recent statement on the assimilation: “With the deep integration of Autochartist we further enhance the analysis tools available to clients. There is no need to open other browsers, run applications or third-party setups. The deep integration works seamlessly across devices and makes technical analysis and live trade signals actionable right at the clients’ fingertips.”
“Saxo’s collaboration with Autochartist is an example of how a forward thinking broker uses technical analysis to provide simple, meaningful and actionable content to its clients,” reiterated Ilan Azbel, CEO, Autochartist in an accompanying statement.
“The level of integration is unprecedented in the industry by fully integrating content into the entire trading experience of its client; from position open, to setting exit levels. Such deep consideration for the clients’ well-being is what makes Saxo a leader in the industry,” he added.