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Saxo Bank, Microsoft Join Forces To Launch New Investor Trading Platform
Tom Burroughes
10 November 2010
Saxo Bank, the Denmark-based bank which provides services to clients including high net worth individuals, has teamed up with Microsoft to roll out a trading platform for self-directed investors in the equity market. The platform is called MSN Trader was designed by Saxo Bank and is tailor-made for the MSN audience, featured on Microsoft's MSN Money website, which is viewed by more than 1.2 million visitors per month, the bank said today in a statement. MSN Trader use Saxo Bank’s established WebTrader platform where investors can trade over 11,000 single stocks and more than 7,000 contracts for difference. In addition, the platform offers Equity Research including three years’ forecasts of aggregated analysts’ estimates and recommendations. “This is no doubt one of the biggest deals Saxo Bank has made so far,” said Kim Fournais, chief executive and co-founder of Saxo Bank. The offering will initially be available in the UK only from 10 November 2010. Clients opening an account in MSN Trader become clients of Saxo Bank. The platform will be presented at the World MoneyShow in London on 12 and 13 November.