Saxo Bank expands OpenAPI capabilities by offering an updated charting service
Saxo Bank expands OpenAPI capabilities by offering an updated charting service
Saxo Bank has announced a major update to its OpenAPI, specifically improvements to the Charts service group. This latest release showcases improvements designed to provide users with a more accurate and flexible trading experience.
The most notable improvement in the updated version of the Saxo chart endpoint is the new horizon sampling feature. Unlike the previous version (v1), which relied on an “artificial” start time, the updated service now aligns the sampling with the actual market open time. This improvement will be particularly noticeable for instruments traded on exchanges that begin operations at non-standard times, such as NASDAQ, according to the FNG website. The adjustment ensures that the data provided is more reflective of actual market conditions, which is critical for traders who rely on accurate data for recalculation, back-testing and other analytical activities.
In addition, Saxo Bank has expanded the available candle length (horizon) parameters, offering traders more granular control over chart data. The new parameters include intervals of 2 and 3 minutes, as well as extended periods such as 3 hours (180 minutes), 5 hours (300 minutes), 3 months (129,600 minutes) and even up to 1 year (518,400 minutes). These new horizons allow for a wider range of analysis, meeting the needs of both short-term traders and those with a long-term investment horizon.
Importantly, version 3 of the charting service is now standard across all Saxo platforms. Despite the significant changes, the request/response structure remains identical to the previous v1/charts endpoint. This means that users can migrate to the new version seamlessly by simply updating their API requests from v1 to v3. Saxo has ensured that the switchover is as simple as possible, minimizing disruption to users' existing workflows.
Saxo Bank's OpenAPI is designed to provide access to all the resources and functionality required to develop high-performance, multi-asset trading platforms. The latest update not only improves the user experience, but also expands integration options for Saxo partners and affiliates, particularly through resources such as the Onboarding API.
With these enhancements, Saxo Bank continues to strengthen its commitment to providing its customers with cutting-edge tools and services, ensuring they have the best data and functionality to support their trading strategies.
