Saxo Bank rolls out Sungard's Ambit

Saxo Bank one of the largest financial derivatives broker has signed up with Sungard to offer its Ambit on an application service provider basis. The move will help Saxo Bank reduce IT related costs and enhance operational efficiency.

Saxo Bank AG is part of the larger Danish Saxo Bank group with international offices and financial products. Saxo Bank offers traders its own proprietary platform the Saxo Trader.

Saxo Bank is recognised as a fully functioning bank where it offers current and savings account.

The Ambit system comes with a wide range of uses. Saxo Bank AG will be able use functionality such as reconciliation, portfolio management, fund administration, risk and portfolio Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, valuations, and access to market data.

Saxo Bank has an average daily trade volume of $10 billion in margin products, it also offers equites, futures and options. Earlier in 2011 Saxo Bank acquired Leverate an MT4 reseller, thus giving Saxo access to the metatrader market.