Saxo Bank plans further changes to corporate actions election in OpenAPI
Multi-asset investment specialist Saxo Bank is planning further changes to its OpenAPI, to be implemented on or after November 1st.
While changing and withdrawing previous elections are allowed for most of the voluntary events, some events have special terms that once submitting the elections, investors are not be allowed to change or withdraw these elections. Today it is possible to submit changes or withdrawal via OpenAPI and such elections are handled in later stages.
After this change,
- the PUT ca/v2/elections endpoint will reject an election base on the AllowedAction settings of the options. Error codes ChangeInElectionNotAllowed and WithdrawalOfElectionNotAllowed will be responded together with their messages respectively;
- the GET /ca/v2/events will respond the additional AllowedAction in each options to indicate which actions are allowed on this option. For most of the voluntary events, the AllowedActions will be [“Change”, “Withdrawal”];
- these election rules will also take place in the PUT ca/v2/elections/bulk endpoint.
As an example, assume that an event has 2 options, option 1 allows change and withdrawal while option 2 disallows change and withdrawal.
After making the initial election, further changes on Option 1 will still be available. But changes or withdrawals on Option 2 will be rejected.
Saxo Bank regularly updates its OpenAPI. In a recent release, in the Client Management group, a new section “MyInfoRequest” has been added for communication with “MyInfo” identity provider. Further “MyInfo” has been added to the “VerificationProvider” enumeration.
In the Portfolio group, new fields “MarketValueInBaseCurrency”, “MarketValueOpen”, “MarketValueOpenInBaseCurrency” have been added to the “PositionView” section.
Saxo Bank’s OpenAPI offers:
- Access to all resources and functionality required to build a high-performance multi-asset trading platform.
- Better integration with Saxo Bank for partners and affiliates through a growing set of resources, such as Saxo’s Onboarding API.