Multi-asset investment specialist Saxo Bank has issued an update to developers concerning its API.

There will be planned changes to asset type classifications which will affect users working with ETF/ETN/ETC instruments. The changes will be implemented as of December 1, 2023.

Below is the full announcement by Saxo Bank:

Dear Developers,

We have an important update to share regarding our API that will affect all users working with ETF/ETN/ETC instruments. We want to inform you that as of December 1, 2023, we will be making changes to the asset type classifications.

Currently, these instruments are marked as “Stock” in our system. However, moving forward, each instrument will be categorized individually as “ETF,” “ETC,” or “ETN.” This change is being implemented to enhance accuracy and improve our overall asset classification system.

We understand the impact this update may have on your existing operations or systems, especially if you are relying on the current “Stock” classification for these instruments. Therefore, we kindly request that you make the necessary adjustments to ensure a smooth transition before the specified date.

Additionally, we are pleased to inform you that starting from October 2023, you can test this new feature on our simulation environment. This will allow you to familiarize yourselves with the updated asset classifications and make any necessary changes or updates to your systems in advance. We highly encourage you use this opportunity to test your spreadsheets before December 1, 2023.

Our support team is available to assist you and answer any questions you may have throughout this process. Please feel free to reach out to them for any guidance or clarification.

We appreciate your attention to this matter and value your partnership with us. As always, we remain dedicated to offering you the best possible service and support.

Thank you for your cooperation.