Saxo Prime – offering FX DMA and prime brokerage services

Saxo Bank has taken a major step forward and created Saxo Prime, an FX prime brokerage solution that expands and diversifies the bank’s offering to institutional clients. Saxo Prime provides FX Direct Market Access, allowing institutional clients looking for connectivity and / or credit intermediation to trade directly on primary FX market venues. The Saxo Prime FX liquidity solution, which is independent from Saxo Bank’s market making desk and infrastructure, offers DMA to managed pools, custom streams and ECNs. It combines prime brokerage services from Saxo Bank with high end connectivity from MarketFactory, a provider of low latency algorithmic trading software and hosted co-location services.

Lucian Lauerman“Saxo Prime offers access to multiple FX venues, including access to managed or custom liquidity pools”Natural step Saxo decided to launch Saxo Prime as it seemed to be a natural step forward in the market’s evolution, says Lucian Lauerman, head of API business at Saxo Bank. He comments: “We are an FX market maker to our clients via the Saxo Direct API, but we also want to retain and grow relationships with clients who are looking for connectivity and credit intermediation.  Saxo Prime offers access to multiple FX venues, including access to managed or custom liquidity pools. When you look at the entire Saxo Bank business, our history of managing liquidity, and the rich experience of our people, launching Saxo Prime is a very logical step forward and fit for the business.  So far we’ve had a great reception from institutional clients.” Leveraging experience The bank has leveraged its expertise in FX liquidity management to develop the...continued

Exclusive Content

The full article is only available to current subscribers. Click here to sign in or subscribe by clicking here