Saxo Bank Important Updates to OpenAPI with New Capabilities

Saxo Bank has shared important updates to its OpenAPI, announcing the release of version 3 of its charts endpoints while planning to deprecate version 1 by February 2025. This transition aims to enhance the user experience and provide more accurate market data.

One of the key improvements in version 3 is the introduction of new horizon sampling. Unlike version 1, which used “artificial” start times, the new sampling begins at the actual opening time of exchanges and markets. This adjustment is particularly beneficial for instruments that start trading on the half-hour mark, such as those listed on NASDAQ, ensuring more reliable and relevant data for traders and analysts.

Saxo Bank Important Updates to OpenAPI with New Capabilities

Additionally, Saxo has expanded the range of available candle lengths (horizons) in version 3. Users can now select from various options, including 2 minutes, 3 minutes, 3 hours (180 minutes), 5 hours (300 minutes), as well as extended periods like 3 months (129,600 minutes) and 1 year (518,400 minutes). This flexibility allows for a more tailored approach to analyzing market trends.

It is important to note that these changes may impact existing scripts that rely on recalculation, back-testing, or other forms of data manipulation, as the new sampling method may alter the results.

Saxo Bank assures its users that the request/response contract remains identical to the current version 1 charts endpoint. This means that transitioning to version 3 should be a seamless, plug-and-play experience for developers and traders alike.

As Saxo prepares for the deprecation of version 1, users are encouraged to familiarize themselves with the new features and enhancements offered in version 3 to maximize their trading strategies and data analysis capabilities.

Company Overview

Saxo Bank stands out as a premier multi-asset broker, offering exceptional research capabilities and an exceptional trading platform, along with an impressive array of over 70,000 tradable instruments, which include spot forex, FX options, NDFs, CFDs, stocks, stock options, exchange-traded funds, ETNs, futures, and 33,000 bonds. For engaged traders, Saxo Bank offers a comprehensive and immersive trading journey, boasting an extensive toolkit, research resources, and premium features.

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