Leveraging prime brokerage functionality from Saxo Bank with market connectivity from MarketFactory, the new service will deliver robust functionality to customers.
The new product enhances the bank’s product offering for asset managers, retail brokers and trading firms by providing FX DMA.
Saxo Bank API Business head Lucian Lauerman said, "Saxo Prime gives our clients direct access to the liquidity pools that power the FX markets, from a range of ECNs or to pools of tier one bank liquidity."
Saxo Direct, the application programming interface (API) connectivity technology provides access to the bank’s own high quality cross-asset liquidity.
Saxo Prime allows normalized connectivity to major market making banks and Currency Electronic Communication Networks (ECN).
Clients of the bank will not be exposed to changes, updates or access agreement across various feeds and the API will conserve the features of each venue, delivering continuous connectivity.
Established in 1992 and headquartered in Copenhagen, the Saxo Bank Group trades in Europe, Asia, Middle East, Latin America and Australia.
