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
Saxo Bank today announced the official launch of Saxo Markets, the bank’s standalone business platform for its swiftly growing institutional clientele.
The establishment of Saxo Markets follows the strategic move by the bank to develop global institutional hubs in London, Denmark and Singapore. Currently, Saxo’s institutional business covers trading, prime brokerage, liquidity and post-trade services, as well as a white label trading solutions business.
Jennifer Hansen, Head of Institutional Business, Saxo Markets, said:
“With the launch of Saxo Markets we are re-affirming our commitment to servicing the needs of the institutional marketplace. With regulatory convergence bringing more similarities to how asset classes are traded, we are seeing growing demand from a range of clients looking to leverage our trading and liquidity solutions, allowing them to focus on their core businesses.”
Saxo Bank has a proven track record of providing white label solutions and at present the firm offers trading capabilities to over 120 institutions worldwide. In addition to banks, Saxo is servicing a growing number of fund managers, investment advisors and family offices and third party service providers. The bank is also active in the FX prime brokerage space, where it is leveraging its technology to help smaller players access liquidity through improved credit risk controls.
The launch of Saxo Markets comes after a raft of appointments the firm has made over the past year which have added weight to its institutional multi-asset trading credentials. These include Peter Plester, who joined from Rabobank to take the helm of FX prime of prime services; Gerard Lelliot who joined from Deutsche Bank to lead Saxo’s prime brokerage offering; Alessandro Bressan, who joined from Deutsche Bank to lead Saxo’s global equities offering.
To view the official press release, click here.