Big Changes at Saxo Bank: What Traders and Partners Need to Know

Saxo Bank has announced a wide range of updates to its trading platforms, aimed at making it easier for partners and clients to manage portfolios, understand performance, and handle options trading. These changes reflect the banks focus on improving user experience and offering smarter tools for everyday trading.

One of the main updates involves the Portfolio Depreciation end-of-day report on SaxoPartnerConnect (SPC). The report now includes more detailed performance data, such as the net amount invested and profit or loss figures for the quarter, year, and since the portfolio started. This gives users a clearer picture of how their investments are doing over time.

Saxo has also improved how users can view historical portfolio data. Positions can now be grouped by product type or currency, and a new column clearly shows whether a trade is long, short, or comes from an option assignment. These features are designed to help users quickly understand their past trades and current holdings.

The “Model of Models” tool has been updated to make it easier to organise complex portfolios. Partners can now group their models by the instruments they include or by the models themselves. This makes it simpler to manage and review investment strategies.

In addition, Saxo has added more detailed controls for trading risk. A new feature splits the maximum allowed exposure into two limits: one for short positions across different expiry dates, and another based on how sensitive a position is to changes in the underlying asset (known as delta exposure). These new limits are clearly shown on the platform, with tooltips to explain how they work.

To streamline the portfolio page, Saxo has removed some less-used features, including the 1-day return metric and the portfolio allocation section. The goal is to keep the page clean and focused on the most useful information.

Saxo has also made important changes for its White Label partners, particularly around stock options trading. Clients who hold shares can now open covered call positions by default, without needing to switch to an “Expert” trading profile. However, anyone wanting to open naked short positions or more complex strategies must still have the Expert profile.

To protect clients from mistakes, a new system message will appear if someone tries to sell a stock that is part of a covered call strategy. The platform will block the action and remind the user to close the option position first. This is to prevent clients from accidentally creating a high-risk naked short position.

These updates highlight Saxo Banks strong commitment to providing traders and partners with the tools they need to trade more safely, efficiently, and with greater control. This comes as no surprise, as Saxo Bank is rated 8.25 out of 10 on WikiFX, a global broker regulatory query platform, indicating that it is a reliable company to engage with across various aspects.