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.