Saxo Bank, one of the leaders in global online trading and execution services, becomes the latest institution to join the rapidly growing FairXchange ecosystem. Under the terms of the arrangement FairXchange are providing their award-winning liquidity management platform Horizon.
Guy Hopkins, CEO and Founder of FairXchange said “We are delighted to welcome Saxo to the FairXchange network. They were one of the very first institutions to embrace data-driven dialogue with their Liquidity Providers, and they have always had a deep understanding of the importance of working with their LPs to source the best possible liquidity. We are delighted to help them continue in that spirit of collaboration, working with them to help them maximise opportunities for them, their LPs and their clients.”
James Dewdney-Herbert at Saxo commented “The relationship with FairXchange is already off to a very strong start. Since we went live with FairXchange we have already noted a material uplift in engagement from our trusted liquidity partners, leading to greater profitability both for them and for us, ultimately resulting in better liquidity for our clients.”
About Saxo Bank
Saxo was founded in Copenhagen, Denmark in 1992 with a clear vision: to make the global financial markets accessible for more people. In 1998, Saxo launched one of the first online trading platforms in Europe, providing professional-grade tools and easy access to global financial markets for anyone who wanted to invest.
Today, Saxo is an international award-winning investment firm for investors and traders who are serious about making more of their money. As a well-capitalised and profitable Fintech, Saxo is a fully licensed bank under the supervision of the Danish FSA, holding broker and banking licenses in multiple jurisdictions. As one of the earliest fintechs in the world, Saxo continues to invest heavily into our technology. Saxo’s clients and partners enjoy broad access to global capital markets across asset classes on our industry-leading platforms. Our open banking technology also powers more than 200 financial institutions as partners by boosting the investment experience they can offer their clients. Keeping our headquarters in Copenhagen, Saxo has more than 2,500 professionals in financial centres around the world including London, Singapore, Amsterdam, Hong Kong, Zurich, Dubai and Tokyo.
For more information, please visit: www.home.saxo
FairXchange is a data science firm specialising in Foreign Exchange markets. Its guiding principle is that trading FX should be commercially sustainable for all participants – both buy-side and sell-side alike.
For more information, please visit: unitedfintech.com/fairxchange/