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.
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