Saxo Bank Wins Best Liquidity Distribution Service at the eFX Awards 2011By Saxo Bank, PRNE
Thursday, July 14, 2011
NEW YORK, July 15, 2011 -
Saxo Bank, the specialist in online trading and investment, has
won the “Best Liquidity Distribution Service” award at the annual
2011 hosted by FX Week in
New York on Thursday evening.
At the core of Saxo Bank’s offering is its White Label solution
for banks that require a market leading on-line trading platform
for their clients. The key benefits of the solution are:
- It facilitates ownership and control of banks’ relationships
with their clients whilst maintaining full client anonymity
from Saxo Bank.
- Access to a fully branded and customised trading solution.
- A facility for banks to distribute their own FX liquidity to
their clients via the white-label platform.
- A multi-asset offering with more than 20,000 financial
products, including FX, Stocks, CFDs and commodities.
- Flexibility and control allows banks to distribute liquidity
from the asset classes with tailored commission pricing to their
own clients, based on their own local and regional
For institutional clients, such as hedge funds and retail
aggregators with sophisticated high trading volumes, Saxo Bank’s
trading API compliments their needs by making its multi-asset
product range available in the client’s own systems via a low
latency VPN, standard FIX protocol API. The trading API extends
Saxo Bank’s distribution services and makes available its range of
FX crosses and order routing for CFDs, Stocks and Futures in the
client’s proprietary systems.
The founders and co-CEOs of Saxo Bank, Kim Fournais and Lars
Seier Christens said in a joint statement:
“Saxo Bank acts as a facilitator linking liquidity from
Tier-1-banks and access to over 20 exchanges across the globe to
our institutional and retail clients via our integrated platforms.
The award acknowledges this business model. It makes us very proud
and we are honored to accept the award.”
Saxo Bank was also nominated for the “Best Retail Platform”
award. The award was won by Citi. The CitiFX Pro platform is
powered by Saxo Bank.
This year the awards were judged by industry experts, Joel
Clark, Editor, FX Week, Justyn Trenner, Chief Executive,
Client Knowledge, Sang Lee, Co-Founder and Managing Partner,
Aite Group and Rob Daly, Editor, Sell-Side Technology.
About Saxo Bank
Saxo Bank is a leading
href="www.saxobank.com/trading-products">online trading and
investment specialist. The three specialised and fully
integrated trading platforms; the browser-based href="www.saxobank.com/en/trading-platforms/pages/internet-trading.aspx">
SaxoWebTrader, the downloadable href="www.saxobank.com/en/trading-platforms/pages/trader-download.aspx">
SaxoTrader and the SaxoMobileTrader application are available
in over 20 languages. Saxo Asset Management accommodates high-net
worth private clients and institutional investors. In 2011 Saxo
Bank continued the diversification of its business and launched
Saxo Privatbank. The Saxo Bank Group is headquartered in Copenhagen
with offices throughout Europe, Asia, Middle East and
Kasper Elbjorn, Head of Group Public Relations, +45-3065-4300, press at saxobank.com
Tags: July 15, New York, Saxo Bank