Saxo named Best Prime of Prime House of the Year at FX Week Best Bank Awards
Saxo Bank, the multi-asset trading and investment specialist, today announces that it has won in the best prime of prime broker category at the FX Week Best Bank award for the third year running.
The awards, which are in their 24th year, are voted for by both buy-side and sell-side market participants and confirm Saxo’s position as the prime of prime of choice.
Commenting on the win Peter Plester, Head of FX Prime Brokerage, said, “We are delighted to have won this prestigious industry award which further proves that we are continuing to push the boundaries of what is possible with technology to further enhance our clients’ experience and successes in this market. The momentum that was established last year has carried over to 2018, with the number of active clients growing substantially year on year."
Saxo has made significant investments in building a first class prime brokerage offering to a wide range of institutional clients and is dedicated to providing cost effective solutions which enable clients to achieve continued growth and success.
Earlier this year Saxo announced a new capability in its FX Prime offering as a result of demand amongst institutional clients for direct market access and liquidity optimisation services. Saxo now provides clients with the full amount execution service which improves trades and lowers market impact for large orders in FX and precious metals.
In addition to this, Saxo provides prime broking clients with collateral optimisation services through cross-collateralisation between global prime infrastructures as well as to Saxo’s OpenAPI services, which enables Saxo clients to outsource their backend technology and operations to the bank but still provide a seamless service to their own end clients. By offering customised liquidity and direct market access to the best liquidity providers and venues, Saxo has found a way to differentiate itself from traditional prime brokers. Over the last few years the firm has developed from an FX credit intermediary to a multi-asset technology driven prime broker.
Saxo has built on the success of its Prime of Prime business in the last year. In 2017, 21 new Prime clients were onboarded. Net revenues were 29% higher than in the previous year.
Being named Best Prime Broker at the HFM European Hedge Fund Services Awards and Best Prime of Prime Provider at FX Week e-FX Awards this year only adds to Saxo’s strong position as Prime of Prime of choice in the industry.
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.