LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
Online multi-asset trading and investment firm Saxo Bank has today announced that there will be new No Dealing Desk (NDD) account structures for FX, as well as a more integrated MetraTrader4 (MT4) solution providing clients with a choice of pricing structures.
Saxo Bank will launch multiple new NDD style accounts designed for clients seeking Direct Market Access (DMA) by trading anonymously on best in class liquidity sourced from the world’s top banks and specialist market makers. With this offering, Saxo Bank provides clients with a choice of pricing structures; clients can either trade on raw market spreads plus volume based commissions, or trade on the same DMA liquidity with an all-inclusive spread.
Additionally, Saxo Bank is now also offering investors a “SaxoMT4Linked “account. This allows clients to combine use of MT4 as an execution harness for FX and CFDs, with trading on Saxo Bank’s award winning proprietary platforms. This provides clients with an opportunity to access the full universe of tens of thousands of additional products, including Equities, Futures, Options, Fixed Income and ETFs. All trades flow to a single multi-product, cross-collateralized, margin account.
Commenting on the launch, Neil Browning, Senior Director, FX Sales, said: “As Saxo experiences an increased demand for flexible solutions, we are presenting these new accounts for our clients to empower them with the opportunity to choose the combination of platform, pricing and market access they believe best suits their own trading style and needs.
“Being a trusted service provider, we continue to provide new opportunities for our clients, as we strive to be the facilitator of choice” concluded Mr. Browning.