Saxo Bank renames MT4 platform SaxoMT4
Saxo Bank has renamed its MT4 platform the SaxoMT4, to target clients used to its MetaTrader trading environment as well as algorithmic trading.
SaxoMT4 will be offered to both retail and institutional clients, with the latter, including hedge funds, supported by French subsidiary Saxo Banque.
Clients using a SaxoMT4 account can trade anytime, anywhere, using the Danish parent bank’s mobile technology and trading apps. MetaTrader offers access to FX instruments, commodities and indices through CFDs.
Lars Christensen, co-founder and CEO of Saxo Bank, said: “At Saxo Bank we have one priority, which is to deliver the best possible trading offering available. Whilst we firmly believe that our SaxoTrader platform is the best platform in the forex market, there is significant demand for the MetaTrader platform, primarily because of its algorithmic trading capabilities. With the SaxoMT4 platform, investors with a preference for MetaTrader will finally be able to benefit from the superior liquidity and execution previously exclusively reserved for SaxoTrader clients.”
In 2011, Saxo Bank acquired a 25% stake in Leverate, the broker solutions provider which powers MetaTrader 4. Following this acquisition, the Bank launched ForexTrading.com in 2012, incorporating the MT4 offering into its platform which allowed clients to use the full range of platforms tools. The SaxoMT4 offering replaces ForexTrading.com to reflect the relationship with Saxo Bank.