Multi-asset funding specialist Saxo Financial institution has issued an replace to builders regarding its API.
There can be deliberate modifications to asset sort classifications which is able to have an effect on customers working with ETF/ETN/ETC devices. The modifications can be applied as of December 1, 2023.
Under is the complete announcement by Saxo Financial institution:
We now have an essential replace to share relating to our API that may have an effect on all customers working with ETF/ETN/ETC devices. We wish to inform you that as of December 1, 2023, we can be making modifications to the asset sort classifications.
At the moment, these devices are marked as “Inventory” in our system. Nonetheless, transferring ahead, every instrument can be categorized individually as “ETF,” “ETC,” or “ETN.” This modification is being applied to reinforce accuracy and enhance our general asset classification system.
We perceive the affect this replace could have in your current operations or techniques, particularly if you’re counting on the present “Inventory” classification for these devices. Subsequently, we kindly request that you simply make the required changes to make sure a easy transition earlier than the desired date.
Moreover, we’re happy to tell you that ranging from October 2023, you may take a look at this new function on our simulation atmosphere. This can permit you to familiarize yourselves with the up to date asset classifications and make any crucial modifications or updates to your techniques prematurely. We extremely encourage you employ this chance to check your spreadsheets earlier than December 1, 2023.
Our help workforce is offered to help you and reply any questions you’ll have all through this course of. Please be at liberty to succeed in out to them for any steerage or clarification.
We recognize your consideration to this matter and worth your partnership with us. As at all times, we stay devoted to providing you the absolute best service and help.
Thanks in your cooperation.