Sampo Group’s Mandatum Life has just announced that it will launch a new online trading service based on the Copenhagen based Retail FX and CFDs broker Saxo Bank Group’s state of the art investment and trading technology in the first half of 2019.
Sampo is one of Saxo Bank’s new shareholders, acquiring a 19.9% stake alongside China’s Geely Group.
The service opens up a uniquely broad global investment universe both for Finnish stock investors as well as advanced tools and services for active traders.
The instrument universe is truly extensive, including more than 35,000 different financial instruments from global capital markets including, stocks, ETFs, currencies, commodities.
CEO of Mandatum Life Petri Niemisvirta
We see great potential in this market, as Finland is lagging behindother Nordic countries when it comes to investing. Mandatum Life wants to offer more alternatives for Finnish investors and the global dimension of Trader service brings new alternatives for global diversification to all Finnish investors.” the CEO of Mandatum Life Petri Niemisvirta said.
Our mission is to make Finns wealthier, so this is a natural next step within our strategy.” Niemisvirta continued.
The importance of digital services is growing all the time and we want to offer the very best tools for our clients.” Niklas Odenwall, VP, Trading and Execution Services, Mandatum Life, commented.
Clients can pick from several different investing and trading applications, so this is a very comprehensive offering catering to all investor segments with different levels of investment experience and wealth.” Odenwall added.
The technology behind Mandatum Trader is the Saxo Bank technology. Saxo Bank is delivering global capital markets access and Banking-as-a-Service to partners. Saxo Bank’s investment technology forms the technology back bone of investment solutions for more than 120 financial institutions globally.
Kim Fournais, Saxo Bank
CEO and founder of Saxo Bank, Kim Fournais, pointed out:
We are proud to partner with Mandatum Life and support the mission to provide Finnish investors with better global investment opportunities. Saxo Bank has always strived to democratize trading and investment to empower everyone with the best tools and opportunities to navigate their own financial destiny. With Mandatum Life’s new solution, Finnish investors and traders get a much better basis for managing their investments and build diversified portfolios across asset classes and geographies.
Mandatum Life is responsible for onboarding and client identification, Saxo Bank is responsible for the trading services and the technical side of the platform.