Saxo Markets joins forces with Sharesight to provide an institutional grade reporting service
The Open Banking-like initiative will allow Saxo clients in Australia to simplify reporting for taxation and performance analysis.
SYDNEY: Saxo Markets, the multi-asset trading and investing specialist, and Sharesight, a portfolio tracking and tax reporting service provider, have today announced a new partnership to deliver an integrated recordkeeping service for self-directed investors.
The Open Banking-like initiative, integrated through an open API, will allow Saxo clients in Australia to create share trading summary reports with one click.
Through the joint solution, investors will be able to easily obtain personalised reports for both performance tracking and tax reporting purposes, including capital gains tax reports and dividend income reports, as well as benchmarking insights to track against the market.
Saxo Markets CEO, Adam Smith said: “Our integration with Sharesight is a natural fit as both of our companies are committed to providing self-directed investors with tools that are often only available to professional investors.”
"This integration also makes tax reporting easier for our clients,a seamless, integrated solution to reduce the ongoing burden of tax administration."
Conversely, the integration with Saxo will expose Sharesight clients to a platform provider offering access to 36 international exchanges and over 40,000 instruments across all asset classes.
Sharesight CEO, Doug Morris, said: “Sharesight clients have tended to have a high portfolio weighting to Aussie shares and are not that exposed to global investing opportunities. Given this local bias, we see our alliance with a Saxo as highly beneficial for our clients.”
An investor trading with Saxo will be able to grant their accountant access to trading records via their Sharesight account thereby streamlining much of the manual work that goes into tax reporting.
Alexandra Cooper, Honner
Saxo’s Public Relations - Australia
+612 8248 3748
alexandra@honner.com.au
Founded in 1992, Saxo Bank was one of the first financial institutions to develop a online trading platform that provided private investors with the same tools and market access as professional traders, large institutions and fund managers.
Saxo offers clients around the world broad access to global capital markets across asset classes, where they can trade more than 40,000 instruments in over 25 languages from one single margin account.
Saxo Markets Australia is known locally for its broad range of asset classes and international market access, as well as a seamless and personalised platform experience that connects traders, investors and partners to global FX, CFDs, Stocks, Options, Futures and more from a single account.
The Saxo Bank Group holds four banking licenses and is well regulated globally. In Australia, Saxo Capital Markets is licensed and regulated by the Australian Securities and Investment Commission (ASIC) as a share trading platform.
The Saxo Bank Group also powers more than 135 financial institutions as partners by boosting the investment experience they can offer their clients via its open banking technology.
Headquartered in Copenhagen, Saxo Bank’s client assets total more than 80 billion USD and the company has more than 2,000 financial and technology professionals in financial centres around the world including London, Singapore, Amsterdam, Shanghai, Hong Kong, Paris, Zurich, Dubai and Tokyo.
For more information, please visit: https://www.home.saxo/en-au.
Saxo Bank is a leading Fintech specialist that connects people to investment opportunities in global capital markets. As a provider of multi-asset trading and investment, Saxo Bank strives to empower people with a user-friendly, seamless and personalised platform experience that gives them exactly what they need, when they need it, no matter if they want to actively trade global markets or invest into their future.
Founded in 1992, Saxo Bank was one of the first financial institutions to develop an online trading platform that provided private investors with the same tools and market access as professional traders, large institutions and fund managers. Saxo combines an agile fintech mindset with close to 30 years of experience and track record in global capital markets to deliver a state-of-the-art experience to clients. The Saxo Bank Group holds four banking licenses and is well regulated globally. Saxo offers clients around the world broad access to global capital markets across asset classes, where they can trade more than 40,000 instruments in over 20 languages from one single margin account. The Saxo Bank Group also powers more than 120 financial institutions as partners by boosting the investment experience they can offer their clients via its open banking technology.
Headquartered in Copenhagen, Saxo Bank’s client assets total more than 45 billion Euros and the company has more than 2,000 financial and technology professionals in financial centers around the world including London, Singapore, Amsterdam, Shanghai, Hong Kong, Paris, Zurich, Dubai and Tokyo.
For more information, please visit: https://www.home.saxo/en-au.