Swissquote Announces Partnership with Tesla to Launch Car Leasing
- The broker teamed up with the American electric car maker to expand its activities in the leasing sector.
Switzerland-based online Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools. In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools. Read this Term, Swissquote announced today that it has partnered with the world’s largest electric car manufacturer, Tesla to increase its services in the credit sector. The broker is launching a new digital leasing offering in cooperation with Tesla to help swiss clients interested in purchasing new cars.
According to the press release shared with Finance Magnates, the Switzerland-based financial services company is planning to focus on evolving market trends related to the automotive industry. The broker partnered with Tesla to capture the growing interest of people in electric cars. The Swiss company is now bringing online leasing of Tesla to the clients in order to make the leasing process simple.
“Swissquote is expanding its activities in the credit sector. Leasing is a popular option for the purchase of new cars in Switzerland. Swissquote is focusing on a market trend that is moving decisively towards electric cars, aiming to make financing a Tesla as effortless as driving one. With Swissquote’s entry into the leasing market, customers can now benefit from an enhanced digital experience that enables swift processing of their leasing requests,” the company mentioned in the official press release.
Expansion
Founded in 1999, the broker has expanded its services in recent months. Earlier this year, Swissquote introduced new CDFs on Asian stock indices, including Spot Japan 225, Spot China 50, and Forward China 50. The new partnership with Tesla shows that the broker is planning to explore new options for expansion including credit services. Tesla has gained massive popularity in recent years as a company due to the growing interest of people in electric cars. The popularity has been pretty evident in the share performance of Tesla which has gained more than 500% since the start of 2020.
Swissquote recently extended its decade-long partnership with FX technology firm Integral through a multi-year subscription deal.
Switzerland-based online Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools. In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools. Read this Term, Swissquote announced today that it has partnered with the world’s largest electric car manufacturer, Tesla to increase its services in the credit sector. The broker is launching a new digital leasing offering in cooperation with Tesla to help swiss clients interested in purchasing new cars.
According to the press release shared with Finance Magnates, the Switzerland-based financial services company is planning to focus on evolving market trends related to the automotive industry. The broker partnered with Tesla to capture the growing interest of people in electric cars. The Swiss company is now bringing online leasing of Tesla to the clients in order to make the leasing process simple.
“Swissquote is expanding its activities in the credit sector. Leasing is a popular option for the purchase of new cars in Switzerland. Swissquote is focusing on a market trend that is moving decisively towards electric cars, aiming to make financing a Tesla as effortless as driving one. With Swissquote’s entry into the leasing market, customers can now benefit from an enhanced digital experience that enables swift processing of their leasing requests,” the company mentioned in the official press release.
Expansion
Founded in 1999, the broker has expanded its services in recent months. Earlier this year, Swissquote introduced new CDFs on Asian stock indices, including Spot Japan 225, Spot China 50, and Forward China 50. The new partnership with Tesla shows that the broker is planning to explore new options for expansion including credit services. Tesla has gained massive popularity in recent years as a company due to the growing interest of people in electric cars. The popularity has been pretty evident in the share performance of Tesla which has gained more than 500% since the start of 2020.
Swissquote recently extended its decade-long partnership with FX technology firm Integral through a multi-year subscription deal.