Multi-asset trading and investment specialist Saxo Bank has announced a new release of its OpenAPI, with enhancements made to various service groups, ranging from Asset Transfers to Trading.

There are a raft of changes to Asset Transfers, as new resources have been added. For instance, the CashManagement resource allows a partner to:

• look up the clients beneficiary instructions, and
• request a cash withdrawal on the clients behalf.

The CashTransfer resource allows a white label partner to fund or defund client accounts by moving monies between a funding account and a client trading account. The Securities transfer resource allows a white label partner to request the transfer out of certain securities currently held with Saxo.

Client Management Signups have been improved, with the addition of two new sections: “JapanData” and “SwitzerlandData”. Also, new fields have been added to the sections “PersonalInformation”, “RenewalData”, “EmploymentInformation”, “OnboardingAddress”. The number of possible “RenewalDocumentTypes” and “SignupFlowdocumenTypes” have been extended.

Regarding the Event Notification System, let’s note that a new OrderEventFilter can be applied, so only events for orders fulfilling the filter criteria will be returned.

The Portfolio service group has also been enhanced, as there is a new endpoint returning a list of entitlements to real-time market data available to the currently logged in user.

The Trading service group has a new Field: “OrderId”. It is used when prechecking the change of an existing order. If not specified, the precheck endpoint will think the request represents a precheck for a new order. Such a precheck may fail, if the clients account cannot fund two such orders. However, if OrderId is specified, such double counting is avoided.

Another new Field is “QuoteCurrency”. For FX Spot, it indicates if an order request is done in the quote (second) currency.

Saxo Bank regularly updates its OpenAPI, which is the backbone of trading platforms such as SaxoTraderGO. It 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.