About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Saxo Bank Attracts Early Adopters to its Social Trading Portal

Subscribe to our newsletter

Saxo Bank has opened a portal for social trading on its multi-asset class SaxoTrader platform. Called TradingFloor.com, the portal is open to investors around the world and enables them to share trades, comments and feedback.

The portal opened for beta testing late last year and was introduced to the market last week, ahead of full production and a commercial launch in April. It can be viewed by anybody and anybody can register on the website to receive notifications of events in the market, but a Saxo account must be opened to facilitate trading. To date, 237 traders, mostly exiting Saxo Bank customers, have opened accounts to trade through the portal and about 20,000 people have accessed data on the site.

Saxo Bank co-founders and co-CEOs Kim Fournais and Lars Seier Christensen, say: “We want to democratise access to trading and fund management by opening up the otherwise closed world of trading. At TradingFloor.com you can see what the best participating traders are doing with their own money in an asset class. We are deliberately only featuring real traders with real accounts trading their own money to ensure a social trading community of serious investors.”

As well as allowing traders to share their trades openly, interact with each other, post comments and strategies, and follow and copy each other, the portal includes more regular content such as market news, data, trade ideas from Saxo Bank’s research teams and a real-time trade stream providing market sentiment. Saxo Bank vets all account applications to make sure traders are real and to avoid any phoney accounts, and traders must share all their historic data. Traders are ranked by performance on the website.

Rune Bech, chief digital officer at Saxo Bank, counters the traditional belief that trading is a singular affair, saying: “We are making trading a social experience. Sharing has developed in other industries and is arriving in the financial sector. Social trading means traders can learn from each other and provide each other with feedback.”

As well as opening TradingFloor.com, Saxo Bank will offer a white-labelled version of the portal to the 120-plus financial institutions that run a white-labelled version of its SaxoTrader platform.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: The Role of Data Fabric and Data Mesh in Modern Trading Infrastructures

The demands on trading infrastructure are intensifying. Increasing data volumes, the necessity for real-time processing, and stringent regulatory requirements are exposing the limitations of legacy data architectures. In response, firms are re-evaluating their data strategies to improve agility, scalability, and governance. Two architectural models central to this conversation are Data Fabric and Data Mesh. This...

BLOG

The New Shape of Market Data: Why Institutions Are Moving Toward a More Modular, Machine-Readable Architecture

For decades, the market-data ecosystem has been defined by reliance on a handful of dominant vendors. Their breadth, depth and entitlements frameworks became foundational to both the trading desk and the wider enterprise. But the requirements of the modern financial technology stack have shifted dramatically. Cloud-native development, agentic AI workflows, and a proliferation of analytics-driven...

EVENT

RegTech Summit New York

Now in its 9th year, the RegTech Summit in New York will bring together the RegTech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

What the Global Legal Entity Identifier (LEI) Will Mean for Your Firm

It’s hard to believe that as early as the 2009 Group of 20 summit in Pittsburgh the industry had recognised the need for greater transparency as part of a wider package of reforms aimed at mitigating the systemic risk posed by the OTC derivatives market. That realisation ultimately led to the Dodd Frank Act, and...