Saxo Bank Securities, the Japanese division of retail broker Saxo Bank, announced on Monday that it has formed a partnership with TradingView.
“Through this partnership, users will be able to trade a wide range of products, including currency pairs and contracts-for-difference (CFDs) provided by Saxo Bank Securities, directly from TradingView,” said Francisco Izawa, the chief executive officer (CEO) of Saxo Bank Securities.
“With the ability to provide these new solutions, we have enhanced our ability to provide our clients with a trading environment akin to that of a professional trader.”
A trading technology company, TradingView is thought to have around 8 million users.
The firm allows users to access trading charts, price quotes, and strategies for free.
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And, according to the statement released by Saxo Bank’s Japanese subsidiary on Monday, the new deal will allow clients to trade through the site on Saxo Bank’s platform.
Good for Japan, good for the world
Unfortunately for the broker, that does not include all of TradingView’s 8 million clients.
Instead, existing Saxo Bank Securities users will be able to trade through TradingView, though the partnership is likely to result in TradingView acting as an affiliate of the Japanese broker.
“We are delighted to partner with the well-known Saxo Bank Group,” said Dennis Globa, CEO of TradingView.
“We have access to Saxo Bank’s FX price quotes on our platform. As a result, we are confident that the platform’s value will be further enhanced and that customers from all over the world – as well as Japan – will benefit from this partnership.”
Initially, customers will be able to trade 150 currency pairs via Saxo Bank Securities. But the broker said in its statement that it plans on adding 6,000 CFDs on to the technology provider’s platform.