Saxo Bank launches lower prices
The new institutional pricing introduced by Saxo Bank applies to eleven major crosses and will provide spreads as low as 2 pips on EURUSD.
First Published by e-Forex News: October, 2004
The new institutional pricing introduced by Saxo Bank applies to eleven major crosses and will provide spreads as low as 2 pips on EURUSD. The new institutional and retail pricing sets the bar for pricing at an ever-more aggressive level.
We believe in full transparency for our clients, and for our partners, explains co-CEO Kim Fournais. Pricing should reflect the efficiencies in the marketplace, rather than the ambitions of individual providers. Our business goal is to make online trading easier and more rational for serious traders. Decimal pricing, efficient through-put of inventory and pricing is the cornerstone of our business credo.Half pip pricing allows clients to execute trades on the new spreads with the possibility of a bid or ask that is half a pip better than the prevailing spreads.