Digital Transmission Question Answer 2022

Running head: DIGITAL TRANSMISSION
DIGITAL TRANSMISSION
Name of the Student:
Name of the University:
Author Note:

DIGITAL TRANSMISSION1
How has the Open API technology evolved since Saxo started to explore
technology?
Journey for openness as well as launch of Open API technology consists of several
phases. The background of project of Open API was found due to increase in complexity of
digital platform of Saxo bank, from setup which consist of a trading application and a core
banking platform to setup with trading applications’ growing number along with secondary user
interfaces which are developed for the promotional purposes. Saxo bank, in 2009, took first steps
for project of Open API. Clients were asking for native iPhone app for complicating existing
JavaScript/HTML based on SaxoMobileTrader (Fenwick and Schadler 2018). First test of Open
API technology was developed in SaxoTraderGO, new application of HTML5/JavaScript for
replacing every other mobile and web applications of Saxo. Sufficient levels of performance by
technology of Open API meant Saxo could create its new architecture.
What is the difference between the traditional business model of Saxo Bank
and the new business model based on Open APIs?
Traditional business model of Saxo bank was based on digital platform which allows to
trade within financial instruments’ multitude, which includes Forex stocks, funds, future spreads,
bonds and CFDs. IT systems of Saxo bank handle as well as support every operation necessary
for offering trade execution, reporting, trading management, auxiliary functions, functions of
back office and risk management (Geisler 2017). Cloud solution is offered by Saxo Bank and
hosts system as well as staff handles every task necessary for keeping engine as well as every
process of business running.

DIGITAL TRANSMISSION2
Open API technology is used as internal architectural principle for enabling applications’
steadily growing portfolio. Open API technology is use for opening up trading platform to 3rd
party developers for creating complements to platform.
What do you see as the key strategic benefits of having a business model based
on Open API?
Through business model by using Open API technology, everything which user could
view was accessed as well as executed through Open API. In media, new design of application as
well as new functionality got substantive attention. However, technological solution of
application was not too much exciting for per day user. Financial trading is quite time crucial as
well as needs extensive security (Filianin 2019). It was possible in achieving sufficient levels of
performance by technology of Open API meant Saxo must continue in building new architecture.
This technology of Open API proved to be mature enough for enabling financial trading in
reliable, secure and efficient way.
What are the pros and cons of having the traditional and the API-based
platform-based business model in parallel?
Business of Saxo bank is based upon digital platform which allows to trade within
financial instruments’ multitude, which includes Forex stocks, funds, future spreads, bonds and
CFDs. Saxo bank launched web browser client (SaxoWebTrader) as well as mobile client
(SaxaMobileTrader).
After running the project of Open API for few months along with traditional business
model of Saxo bank, there was limited progress (Neyer 2017). Many views was there for failure.