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.
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