Saxo launches Saxo Markets as institutional build-out gathers momentum
Saxo Bank, the multi-asset trading and investment specialist, continues the build-out of its institutional offering with the launch of Saxo Markets, the firm’s standalone business platform for its growing institutional client base.
The launch of Saxo Markets follows the strategic move by the bank to develop global institutional hubs in London, Denmark and Singapore, to further develop the firm’s offering in a number of key areas of excellence aligned with the firm’s multi-asset trading capabilities. Today, Saxo’s institutional business spans trading, prime brokerage, liquidity and post-trade services, as well as a well-established white label trading solutions business
Jennifer Hansen, Head of Institutional Business, Saxo Markets, said: “With the launch of Saxo Markets we are re-affirming our commitment to servicing the needs of the institutional marketplace. With regulatory convergence bringing more similarities to how asset classes are traded, we are seeing growing demand from a range of clients looking to leverage our trading and liquidity solutions, allowing them to focus on their core businesses.”
Saxo has a longstanding track record of providing white label solutions and today the firm offers trading capabilities to over 120 institutions worldwide. In addition to banks, Saxo is servicing the needs of a growing number of fund managers, investment advisors and family offices and third party service providers. Through its multi-asset offering, the firm continues to attract a number of small and medium sized hedge funds that seek to streamline their broker relationships and have a more holistic approach to portfolio management and reporting. Additionally, the firm has found an opportunity to plug the gap in the FX prime brokerage space at the time when many banks are exiting this market. It is doing so by leveraging its technology to help smaller players access liquidity through improved credit risk controls.
The launch of Saxo Markets follows a number of appointments the firm has made over the past year which have further bolstered its institutional multi-asset trading credentials. These include Peter Plester, who joined from Rabobank to lead FX prime of prime services; Gerard Lelliot who joined from Deutsche Bank to lead Saxo’s prime brokerage offering, Alessandro Bressan, who joined from Deutsche Bank to lead Saxo’s global equities offering.
Saxo Bank is a leading Fintech specialist and global multi-asset facilitator of capital markets products and services. Saxo enables private clients to trade more than 35,000 instruments from one single margin account.
Additionally, Saxo provides institutional clients such as banks and fintechs with Open Banking solutions from multi-asset execution, prime brokerage services to trading technology. Founded in 1992, Saxo Bank has embraced Open Banking from the beginning and is focused on helping clients and partners through win-win partnerships and product innovation.
Since launching its first online trading platform in 1998, Saxo Bank works to empower everyone to navigate their financial future by opening up access to trading and investment. The Saxo Group’s client assets total more than 45 billion euros, and the Group employs more than 2100 people in financial centres around the world including London, Singapore, Amsterdam, Shanghai, Hong Kong, Paris, Zurich, Dubai and Tokyo.For more information, please visit http://www.home.saxo.