Saxo launches new social trading portal
Dubai, January 23, 2014
Denmark-based Saxo Bank has launched a new online social trading community for investors.
TradingFloor.com will enable traders around the world to share their trades with peers and transforms trading into a social experience, said a statement.
Kim Fournais and Lars Seier Christensen, co-founders and co-CEOs of the bank, said in a joint statement: “We want to set free the peer-to-peer power of traders around the globe by enabling them to connect online with experienced and like-minded investors who are tired of input from salespeople from traditional banks.”
On the new site, investors can share their trades in a community where all performance data is verified so traders can be sure of the performance of the people they choose to follow or copy.
“We are now enabling investors to share their trades openly, interact with each other, post comments and strategies, discuss ideas, follow and copy each other. We believe that this may radically change how investors will go about trading FX, CFDs, options, futures, bonds and equities in the future, making trading a social experience,” said the statement.
The trading site also features a range of valuable content for traders, such as market news and views, data, insights and trade ideas from Saxo Bank’s research teams and VIP authors.
A real-time trade stream will reveal the current market sentiment., while Angus Walker, who has joined the bank from Britain’s ITV News and Owen Thomas, former Bloomberg and BBC World anchor will report on the portal’s on-demand TV channel from the bank’s trading floor. - TradeArabia News Service