Multi-asset investment services provider Saxo Bank has informed the users of its OpenAPI of new onboarding requirements in the Client Management Service.

Effective January 1, 2027, new fields and documents will be required for all newly onboarding clients.

In ‘/cm/v1/signups’, this includes three additional fields ‘ConsentForTaxRelief’, ‘UsExpiryYear’, and ‘UsTaxDocumentation” within the RegulatoryInformation → FactaDeclaration object.

Additionally in ‘/signups/attachments’, there are two new document types ‘UsTaxForm’ and ‘CrsStatus’ under SignupFlowDocumentType.

The OpenAPI 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 its On-boarding API.

How can the OpenAPI functionality be utilized?

Saxo Bank clients:

• Build your own portfolio analysis tool, or export your balances and positions into your preferred tool (Excel, R, etc.).
• Develop a native application to keep up-to-date with market rates and your account performance.
• Develop a targeted trader with an optimized UI for your particular trading style and instrument universe.

Saxo Bank Introducing Brokers and White Label Clients:

• Integrate position/order/balance data from Saxo into your own client portal.
• Build trading functionality into your existing client portal/website.
• Use the IB On-boarding API to simplify the on-boarding of new clients.

Developers of high-end trading and chart analysis platforms:

• Enable your platform for Saxo’s substantial client-base.
• Get client portfolio information and tailor your analysis to the client’s product interests and situation.
• Offer trading on client accounts via your software.