20.06.2023
Saxo Bank will make changes to OpenAPI
20.06.2023
Glory Faleke
Contributor

The Danish brokerage firm Saxo Bank has announced that it will be removing some functionality from its OpenAPI.  

Due to a lack of popularity among traders, Saxo Bank has decided to remove the "Trade on Quote" trading flow from OpenAPI. In October, the broker will remove the POST trade/v1/positions endpoint, according to the FNG information portal.

The broker reminds its users that only currency options will be affected by the changes, as all other assets are traded through Saxo Bank's order-based trading stream.

Saxo Bank's OpenAPI offers:

- Access to all the resources and features needed to create a powerful multi-asset trading platform.

- Enhanced integration with Saxo Bank for partners and affiliates through a growing set of resources such as the Saxo's Onboarding API.

The broker regularly updates its API solutions to provide clients with more trading options.

Previously, we reported that Saxo Bank's client base had surpassed 1 million.

Saxo Bank provides clients from 170 countries with access to various financial markets and the opportunity to earn additional income by investing in ready-made, diversified portfolios.