Saxo Bank, the Danish investment bank, will roll out an algorithmic trading product specifically designed for retail clients within the next three months.The new tool, TradeCommander, enables retail investors to establish their own trading parameters. These parameters are then monitored and traded on behalf of the investors by TradeCommander. Saxo says the tool also contains back-test and optimisation features that investors can use to evaluate the trading systems on historical price data, before submission for live execution.
Saxo launched TradeCommander to help retail clients learn more about managing their trading style by providing them with a disciplined approach to the markets. The bank is considering running mandatory training seminars for interested clients.
TradeCommander is open to all clients of Saxo Bank, who must start with a minimum account size of $10,000 or equivalent. Launch is due in the first quarter of this year, Saxo says.
More on Structured Products
China, environment and risk factors among top themes
Societe Generale takes top spot at Hong Kong awards ceremony
Regulatory ruling confirms what was expected of private placement regime
Former SG Asia sales head Nicolas Reille joins Natixis in Hong Kong
Sign up for Risk.net email alerts
Nominated for two technology awards
Nominated for post trade technology award
Sponsored webinar: Collateral and counterparty tracking
Isda directors warn on fragmentation, access and liquidity - but expect problems to pass
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.