Danish broker Saxo Bank has announced that all applications will be migrated to the new Extended AssetTypes.

Extended AssetTypes are designed to make AssetTypes more granular. For example, the AssetType "Stock" used to contain not only stocks but also different types of funds. Now the old "Stock" asset type is divided into "Stock", "ETC" (exchange-traded commodities), "ETF" (exchange-traded funds), "ETN" (exchange-traded bonds), "Funds" and "Rights". The same applies to their equivalents "Cfd" and "Srd".

The change will affect users who trade instruments such as ETFs, ETNs, ETCs, Funds, or Rights but have an asset type of "Stock" in OpenAPI.

Saxo Bank notes that the new asset type definition will be present in all OpenAPI endpoints.

In addition, the biggest benefit of moving to the Extended AssetTypes can be seen when searching for instruments.

"Selecting 'Stock' will result in fewer search results," the broker said in a note.

Users can try out the expanded asset types in their app before they are finally enabled by adding a Pragma header with the value "oapi-x-extasset" (i.e., "Pragma: 'oapi-x-extasset'") to the query.