eFX Awards Saxo Bank "Best Liquidity Distribution Service"
-
eFX Awards 2011 Names Saxo Bank the "Best Liquidity Distribution Service" FX House
2011-07-20 13:00
SINGAPORE, July 20, 2011 /PRNewswire-Asia/ -- Saxo Capital Markets' parent company, Saxo Bank, has won the "Best Liquidity Distribution Service" award at the annual eFX Awards 2011 hosted by FX Week in New York on 14 July 2011.
At the core of Saxo Bank Group'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;
- 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; and
- 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 requirements.
For institutional clients, such as hedge funds and retail aggregators with sophisticated high trading volumes, Saxo Bank Group'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'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 Group, Kim Fournais and Lars Seier Christensen 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."
The Saxo Bank Group was also nominated for the "Best Retail Platform" award which was won by Citi. Citi is a White Label Client of the Saxo Bank Group, and the CitiFX Pro platform is powered by Saxo.
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.
Disclaimer:
Saxo Capital Markets Pte Ltd ("Saxo Capital Markets") is licensed as a Capital Market Services provider and an Exempt Financial Advisor, and is supervised by the Monetary Authority of Singapore.
You should carefully consider whether trading in leveraged products is appropriate for you in the light of your financial circumstances. You should be aware that dealing in products that are highly leveraged carry significantly greater risk than non-geared investments such as share trading. As such, you could both gain and lose large amounts of money. You may sustain losses in excess of the moneys you initially deposit and also in excess of the margin required to establish and maintain any positions in leveraged products.
For further information, please see:
http://sg.saxomarkets.com/about-us/general-disclaimerAbout Saxo Capital Markets
Saxo Capital Markets Pte Ltd is a wholly-owned subsidiary of Saxo Bank A/S, the Copenhagen-headquartered online trading and investment specialist. It serves as the Asia Pacific headquarters and holds a Capital Markets Services license from the Monetary Authority of Singapore. Saxo Capital Markets also holds a Commodity Broker licence from The International Enterprise Singapore.
Clients can trade Forex, CFDs, Stocks, Futures, Options and other derivatives via SaxoWebTrader and SaxoTrader, its leading multi-asset online trading platforms.
SaxoTrader is available directly through Saxo Capital Markets or through one of its institutional clients. White labelling is a significant business area for Saxo Capital Markets, and involves customising and branding of its online trading platform for other financial institutions and brokers.
Saxo's position as an established FX house and its leading role in the foreign exchange market has been recognised by the industry's leading reviews. In 2011, the Saxo Bank Group picked up six awards at the Euromoney annual FX survey for the following categories: Best Improved Overall Market Share by Volume ($10bn - $25bn) and ($5bn - $10bn), Best Speed of Execution, Best Research and Analytics, Best Effective Risk Management and Execution Strategies and Best Integrated Workflow and Compliance Solutions. Saxo Bank was also named "Best Forex Broker in Northern Europe" and "Best White Label Solution Provider" in the World Finance Foreign Exchange Awards 2011.
For more information, please visit www.saxomarkets.com.sg
Media contacts:
Saxo Capital Markets Pte Ltd
Celeste Fong
+65-6303-7713
[email protected]SOURCE　Saxo Capital Markets Pte Ltd