Saxo Bank bolsters Prime of Prime-offering with new dedicated Full Amount Execution infrastructure in New York and London
Today, Saxo Bank announces a new capability in its FX Prime offering catering for institutional clients. Running on dedicated infrastructure through Saxo Bank’s DMA liquidity hubs in London and New York, full amount execution ensures a better trade experience and lower market impact for large orders in FX and precious metals. Demand has been driven by growth in small to mid-sized institutional clients turning to Saxo for direct market access and liquidity optimisation services.
Lucian Lauerman, Global Head of Electronic Distribution, comments:
“We have grown our Prime of Prime business quite significantly and we are meeting increasing client demand for execution in large order sizes. To support efficient execution and sustainable liquidity access, we have set up a dedicated infrastructure allowing clients to execute in full amount through liquidity connectivity in both NY4 and LD4. This offers clients better pricing and lower market impact on larger tickets.
We have worked with our DMA liquidity providers to arrange bespoke full amount liquidity feeds for this service. The service runs on a dedicated infrastructure in each location to ensure performance and scalability. In our view, the ability to provide full amount execution on large orders is a key differentiator in our suite of optimised liquidity services in FX.”
Saxo Bank’s position as Prime of Prime of choice was strongly confirmed in 2017 with Saxo Bank being named Prime of Prime House of the year at FX Week Best Bank Awards and Best Prime of Prime Provider at FX Week e-FX Awards in 2017.
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 www.home.saxo.