Saxo's Fixed Income Trading Platform Wins The Banker's Best Trading Platform Project Award
Fixed Income Platform Enables Electronic Trading in Government and Corporate Bonds for Institutional and Retail Investors
Saxo, the online multi-asset trading and investment specialist, today announces that its fixed income trading platform has won The Banker's Best Trading Platform Project Award 2017.
The service, launched at the end of 2016, offers transformative digital fixed income trading in over 5,000 investment grade and high yield corporate and government bonds on Saxo's multi-asset trading platform, SaxoTraderGO. Prior to this, only large institutional investors were able to access electronic trading in government and corporate bonds, but following the launch of Saxo's fixed income offering, trading is now available to retail investors and mid-sized institutional clients.
As Saxo's fixed income platform provides access to a competitive multi-dealer environment clients can achieve huge cost savings when using the service. Further, because of the technology which underpins Saxo's trading platform, manual processes are eliminated, enabling clients to connect to global bond markets directly, and trades can be executed within seconds.
For clients using the platform, nearly 50% of trades have a price improvement of more than 25 bps. For corporate and emerging market bonds, one in five trades has achieved a saving of more than a half a point and some even one full point, compared to average indicative prices.
Commenting on the award win, Saxo's Head of Fixed Income, Simon Fasdal said, "We are extremely proud that our aim of enabling both retail and institutional investors to trade bonds more efficiently through our fixed income service has been recognised by this prestigious award from The Banker, an FT business publication.
"Our platform connects each client with the entire global bond market in a direct, competitive, transparent and efficient manner and in doing so is continuing Saxo's mission to level the playing field between institutions and retail investors in terms of access to the financial markets."
Saxo also recently won two FX Week e-FX awards, including Best Prime of Prime Provider for its unrivalled access to liquidity and innovative technology and Best Retail FX Platform, due to the truly multi-asset class nature of its trading platform, Saxo TraderGO, and its order-driven execution model which gives clients more control over execution and transparency.
Saxo Bank Group (Saxo) is a leading Fintech specialist focused on multi-asset trading and investment and delivering ‘Banking-as-a-Service’ to wholesale clients.
For 25 years, Saxo’s mission has been to democratize investment and trading, enabling clients by facilitating their seamless access to global capital markets through technology and expertise.
As a fully licensed and regulated bank, Saxo enables its direct clients to trade multiple asset classes across global financial markets from one single margin account and across multiple devices. Additionally, Saxo provides wholesale institutional clients such as banks and brokers with multi-asset execution, prime brokerage services and trading technology, supporting the full value chain delivering Banking-as-a-Service (BaaS).
Saxo’s award winning trading platforms are available in more than 20 languages and form the technology backbone of more than 100 financial institutions worldwide.
Founded in 1992 and launching its first online trading platform in 1998, Saxo Bank was a Fintech even before the term was created. Headquartered in Copenhagen Saxo today employs more than 1500 people in financial centers around the world including London, Paris, Zurich, Dubai, Singapore, Shanghai, Hong Kong and Tokyo.