Saxo Bank uses Interoute’s network for multi-asset trading platform

Interoute, provider of cloud services and operator of one of Europe’s largest networks, today announced that multi-asset trading specialist Saxo Bank has chosen to leverage Interoute’s network to connect its online trading platform to the bank’s clients, brokers and international financial markets.

Saxo Bank, an Interoute customer since 2009, has recently launched a revolutionary platform: SaxoTraderGo. The solution is accessible on PCs, tablets or smartphones through a single account and is available in more than 20 languages.

interoute_logoInteroute praises its network for ensuring that a trading platform can respond at high speed to real-time data, such as foreign currency exchange rates, which can change up to 10 times per second. Interoute’s network supports the trading platform with a 10GB network connection between Saxo Bank’s head office and data centres in the UK and Denmark and an MPLS network connecting Saxo Bank with its regional offices worldwide.

Ashley Latham, CIO of Saxo Bank, comments:

“Financial markets can be very volatile, hundreds of thousands of prices are updated every second. It is critical for us that we get the right price at the right time from the market and we send these prices onto our clients. In the global trading market our innovative trading platform provides the opportunity and Interoute provides the high performance network to keep it constantly updated and available.”

Matthew Finnie, CTO of Interoute, said:

“Saxo Bank is an industry front runner for IT innovation in online trading, and relies on having fast, reliable and secure global connectivity to keep its services ahead of the competition. This is a good example of how Interoute can enhance the infrastructure of a digital business like Saxo Bank and ensure the high performance of its online services. As speed becomes ever more business critical, we’re seeing a growing demand from international businesses for our global expertise in delivering network solutions.”

To view the official announcement on the partnership, click here.

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