23 January 2015
Public Relations, 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.
Head of International Communications
+45 3065 4300
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