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.
At Saxo we believe that when you invest, you unlock a new curiosity for the world around you. As a provider of multi-asset trading and investment solutions, Saxo’s purpose is to Get Curious People Invested in the World. We are committed to enabling our clients to make more of their money. Saxo was founded in Copenhagen, Denmark in 1992 with a clear vision: to make the global financial markets accessible for more people. In 1998, Saxo launched one of the first online trading platforms in Europe, providing professional-grade tools and easy access to global financial markets for anyone who wanted to invest.
Today, Saxo is an international award-winning investment firm for investors and traders who are serious about making more of their money. As a well-capitalised and profitable Fintech, Saxo is a fully licensed bank under the supervision of the Danish FSA, holding broker and banking licenses in multiple jurisdictions. As one of the earliest fintechs in the world, Saxo continues to invest heavily into our technology. Saxo’s clients and partners enjoy broad access to global capital markets across asset classes on our industry-leading platforms. Our open banking technology also powers more than 200 financial institutions as partners by boosting the investment experience they can offer their clients. Keeping our headquarters in Copenhagen, Saxo has more than 2,500 professionals in financial centres around the world including London, Singapore, Amsterdam, Hong Kong, Zurich, Dubai and Tokyo.
For more information, please visit: www.home.saxo