The Swiss FX Marketplace continues impressive growth
Building upon the success of its Swiss Bank Custodian program, Dukascopy – SWFX Swiss FX Marketplace has added EFG Bank to its network of partner banks.
First Published by e-Forex News: April, 2008
Building upon the success of its Swiss Bank Custodian program, Dukascopy – SWFX Swiss FX Marketplace has added EFG Bank to its network of partner banks. Cooperation has already commenced, allowing clients to open an account with EFG Bank and to trade directly in the Swiss FX Marketplace.
EFG Bank is part of EFG International, a global private banking group operating in more than 30 countries. EFG International is listed on the SWX Swiss Exchange, and is a member of the EFG Group, the third-largest banking group in Switzerland by Tier-1 Capital.
According to Alain Broyon, CEO of Dukascopy - SWFX Swiss FX Marketplace: “The forex world is evolving and hedge funds, professional traders, fund managers and private clients can now benefit from the Swiss FX Marketplace by opening an account with EFG Bank.”
For Alain Diriberry, Head of Private Banking at EFG Bank: “This relationship will allow us to increase our funds under management and administration by catering for the demand among clients for this type of specialist trading service.”
Clients will be able to access Dukascopy’s innovative technology in order to invest in foreign exchange as an asset class. The approach is one of eliminating conflicts of interest between buyers and sellers by allowing all parties to trade on an equal and transparent basis in a Swiss regulated environment. Dukascopy - SWFX has a compelling position courtesy of being able to offer its users benefits in terms of liquidity (essentially by combing the liquidity of other marketplaces) together with instant execution.