Danish online trading specialist Saxo Bank has launched a tool which provides investors with technical trading ideas, after seeing dramatic growth in the use of its platform’s technical analysis alerts.

In 2008, the number of clients using technical analysis alerts on the Saxo Trader platform grew by 466 per cent, the firm said.  On the back of this demand, Saxo Bank developed TradeMaker as a way for investors to access and execute trading ideas easily.

To address the volatility of today's markets, Saxo Bank has also made speed of execution a priority: when a client selects an idea TradeMaker automatically generates an order ticket on the SaxoTrader platform with entry, profit target and stop loss price levels.

“It has become clear from the rise in usage of technical alerts that more clients are seeking trading inspiration on a more regular basis. TradeMaker takes the ideas to the client, rather than the other way around,” said James Morris, SaxoTrader global platform manager.

The introduction of TradeMaker follows last year’s launch of SaxoMobileTrader, a  trading platform accessible by mobile phone.

Saxo Bank handles online trading in foreign exchange, CFDs, stocks, futures, options and other derivatives, and also provides portfolio management via SaxoWebTrader and SaxoTrader.

Headquartered in Copenhagen, Saxo Bank has offices in the UK, France, Switzerland, Singapore, Spain, Australia and Japan.