Multi-asset investment specialist Saxo Bank has informed developers using its OpenAPI and OpenAPI for Excel of upcoming changes.
Saxo is implementing new compliance and disclaimer measures, which may affect trading activities through the Excel Addin.
Clients will soon be required to complete an Appropriateness Test (APT) for the products they wish to trade. Additionally, disclaimers/messages will be presented to clients, requiring acceptance before trading can proceed.
Key points to be aware of:
- The orders/precheck endpoint may return disclaimers that need to be shown to clients.
- Blocking disclaimers will prevent trades if clients are not authorized, often due to incomplete appropriateness tests.
- Non-blocking disclaimers require client acknowledgment and include “normal” and “recurring” types.
If you encounter any blocking issues, you can go to SaxoTrader to complete the Appropriateness Test and approve any necessary disclaimers. This will ensure compliance and allow you to proceed with your trades.
