investor daily logo

Saxo, Sharesight launch institutional grade reporting service

3 minute read

Saxo Markets has teamed up with Australian portfolio tracking and tax reporting service provider Sharesight in an aim to provide an open banking-like initiative, introducing a recordkeeping service for self-directed investors.

The service integrated through an open API, will allow Australian Saxo clients to easily create trading summary reports.

Via the solution, investors will be able to obtain personalised reports for both performance tracking and tax reporting purposes, including capital gains tax reports and dividend income reports, as well as benchmarking insights to track against the market.

Saxo Markets chief executive Adam Smith said: “Our integration with Sharesight is a natural fit as both of our companies are committed to providing self-directed investors with tools that are often only available to professional investors.”


“This integration also makes tax reporting easier for our clients, providing a seamless solution to reduce the ongoing burden of tax administration.”

Sharesight added the integration with Saxo will expose its clients to the platform provider offering access to 36 international exchanges and more than 40,000 instruments across all asset classes.

Sharesight CEO Doug Morris commented: “Sharesight clients have tended to have a high portfolio weighting to Aussie shares and are not that exposed to global investing opportunities.”

“Given this local bias, we see our alliance with Saxo as highly beneficial for our clients.”

The manual work that goes into tax reporting will be largely streamlined, the companies added, with investors having the ability to grant their accountants access to trading records.

Sarah Simpkins

Sarah Simpkins

Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth. 

Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio. 

You can contact her on [email protected].