The Europe-based bank, which is known for its trading platforms, has expanded into the China market.

Denmark-headquartered Saxo Bank has agreed on a tri-party deal that sees the firm add to its presence in mainland China following the creation of a free trade zone in Shanghai last year. 

The other two partners to the deal are Wallstreet CN, a financial content provider, and LeanWork, a technology firm.

Under the agreement, users of Wallstreet CN will be able to access global capital markets from WEEX, an online trading service platform created by Wallstreet CN, with trading system developed by LeanWork and open API powered by Saxo Bank. (API stands for application programming interface.)

Saxo Bank said it is one of the first financial institutions to give access to its trading infrastructure through the bank’s REST-based API. (REST, which stands for representational state transfer, is an architectural style for designing networked applications.)

Wallstreet CN was founded by Wu Xiaopeng in 2013 and conceived in the form of a personal blog when he was stationed overseas in New York. When he returned to China in May 2013, the company was registered in Shanghai and received venture capital investment from China Ping An and Hai Tong Securities’ investment funds, along with several other Chinese bodies. LeanWork, meanwhile, is a technology start-up based in Hong Kong which originally started with the creation of a multiple broker solution and has gained market share amongst the Chinese speaking broker community. LeanWork employs around 30 IT developers in its offices across Greater China.