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Home Tech

Saxo Bank Modernizes Streaming Technology, Bids Farewell to SignalR

Aditi Malhotra by Aditi Malhotra
May 7, 2024
in Tech
Reading Time: 2 mins read
0
Saxo Bank Modernizes Streaming Technology, Bids Farewell to SignalR

Image Courtesy: Cryptonary

Story Highlights

  • Saxo Bank to remove SignalR-based streaming protocol from August 2024
  • Clients with apps using SignalR must migrate to WebSocket streaming before August 2024
  • Move part of Saxo’s efforts to streamline the tech stack, enhance OpenAPI capabilities

Saxo Bank forges ahead with its tech modernization roadmap, announcing the impending retirement of its SignalR streaming protocol. Since deploying Websocket-based streaming in 2018, the multi-asset trading powerhouse systematically phases out SignalR. Come August 2024, SignalR functionality ceases, disrupting apps dependent on this legacy technology.  

Table of Contents

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  • The Rise of WebSocket Streaming
  • Smooth Sailing for a Streamlined Experience
  • Innovative OpenAPI Enhancements Fuel Growth

The Rise of WebSocket Streaming

Recognizing Websocket as the future of streaming, Saxo Bank progressively distances itself from SignalR over recent years. While temporarily accommodating older apps utilizing SignalR, the bank establishes a firm cut-off date. Post-August 2024, apps leveraging SignalR face imminent streaming connection failures.

Smooth Sailing for a Streamlined Experience

With few apps still relying on SignalR, Saxo Bank anticipates a seamless transition for most clients. However, those operating affected apps must migrate to Websocket streaming before August 2024 to maintain uninterrupted services. Notably, users of Saxo’s latest OpenAPI for Excel remain unaffected by this change.

Innovative OpenAPI Enhancements Fuel Growth

Saxo Bank’s commitment to innovation drives regular OpenAPI enhancements, including recent uplifts to service groups like Account History and Portfolio in January 2024. This dedication propels a high-performance, multi-asset trading ecosystem accessible via the OpenAPI.

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By consolidating its streaming infrastructure around the cutting-edge WebSocket protocol, Saxo Bank streamlines its tech stack, delivering an efficient, future-proof experience. Simultaneously, partners and affiliates gain tighter integration through growing resources like Saxo’s Onboarding API.
As the SignalR sunset nears, Saxo Bank ushers in a new era of streaming technology marked by efficiency, innovation, and a steadfast focus on exceeding client, partner, and affiliate expectations in the ever-evolving finance landscape.

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Aditi Malhotra

Aditi Malhotra

Aditi Malhotra is a versatile writer with a passion for being updated about all the events happening across the world. The same can be seen in her articles on the website, ranging from forex, crypto, blockchain, and technology. Among them, one beat that she not only loves reporting but also has gathered some expertise over the years is entertainment. She believes that to be a successful writer, one must think like a reader and offer unique insights that set their writing apart.

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