Saxo Bank, the multi-asset trading and investment specialist, has signed white label partnership with JSC Galt & Taggart, a wholly owned investment banking subsidiary of Bank of Georgia.

White label partners outsource trading technology to Saxo, and offer their end-clients access to Saxo’s trading platforms.

Saxo Bank said that its white label trading technology solution will enable Galt & Taggart’s clients to access global capital markets and invest on a multi asset basis providing them with an adaptive and intuitive trading experience unique for a Georgian financial institution.

Galt & Taggart chairman Archil Gachechiladze said: "Today we are unveiling a new service that offers a flexible, secure and competitively priced tool to make multi-asset investments globally. I’m proud that Galt & Taggart is the first investment bank in the region to partner with Saxo Bank and bring the latest trading technology that will allow our clients to have direct online access to financial markets and receive full service across the trade cycle.

"I would like to thank Saxo Bank for a very fruitful cooperation and I am looking forward to seeing our clients enjoy the new platform."

Saxo Bank global head of Lines of Business Matteo Cassina said: "The partnership is the first of its kind in the region and our aim is to kick-start a true digitalisation of high growth frontier markets. With more than 100 white label partners around the world today, Saxo takes a lead in transforming the way traders and investors access trading opportunities."

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Currently, over 120 banks and brokers have outsourced their trading technology to Saxo.

JSC Galt & Taggart offers a wide range of investment banking and investment management services through its investment banking, asset management, brokerage, wealth management, and research units.