Dukascopy launches new custodian service

First Published: e-Forex Magazine 29 / News / October, 2007

Dukascopy is launching a new custodian service in partnership with a number of Swiss Banks, allowing clients to keep money in their banks while getting credit line to trade in the Swiss FX Marketplace. The custodian service consists of automatic daily settlement of P/L and trades in the client’s bank account. According to Alain Broyon, CEO of Dukascopy, “This custodian business model follows a long term trend adopted by Dukascopy to separate the activities: SWFX - Swiss FX Marketplace with custodian service delivered by bank participants and Dukascopy Swiss FX Brokerage House, providing prime brokerage services to SWFX Swiss FX Marketplace along with other major marketplaces.. ...continued

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