PR PR
Public Relations, Saxo Bank
23 January 2015

BlackTree buy back shares from Saxo Bank

The shareholders of BlackTree, providers of algorithmic trading & big data analytics, have reached an agreement to buy back the company shares held by Saxo Bank A/S.

​​At the same time Saxo Bank acquires the technology built by this partnership begun in 2009. This technology will now be integrated into Saxo’s own trading infrastructure.

Claus Nielsen, Head of Markets with Saxo and former Board Member of BlackTree appointed by Saxo Bank said,

“Today’s announcement is in line with Saxo Bank’s overarching strategy of focusing on the Bank’s core competencies within trading and investment and enhancing shareholder value.

“Saxo Bank’s ambition is to continue to innovate to meet the trading needs of our clients and empower them to seize opportunities in the market. At Saxo Bank, we are delighted to continue working with Black Tree in a client capacity,” added Claus Nielsen.

Media enquiries
Kasper Elbjørn,
Head of International Communications
​​+45 3065 4300
press@saxobank.com  

About Saxo Bank

Saxo Bank is an online multi-asset trading and investment specialist, offering private investors and institutional clients a complete set of tools for their trading and investment strategies. Its financial community portal, TradingFloor.com, is the first multi-asset social trading platform. A fully licensed and regulated European bank, Saxo Bank enables clients to trade FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives on both our award-winning SaxoTrader and newly launched SaxoTraderGO platform, accessible on PCs, tablets or smartphones through a single account and available in more than 20 languages. The platform is white-labelled by more than 100 major financial institutions worldwide. Saxo Bank also offers professional portfolio and fund management as well as traditional banking services through Saxo Privatbank. Founded in 1992, Saxo Bank is headquartered in Copenhagen and has offices in 26 countries throughout Europe, Asia, the Middle East, Latin America, Africa and Australia.