Saxo Prime clients get Direct Market Access to multiple FX liquidity pools made up of the top market making banks, non-banks and ECN’s.
Saxo Prime brings clients a market leading liquidity solution by extending our direct access to the FX markets via our connectivity and clearing services.
By connecting to Saxo Prime, you are connecting directly to primary market liquidity via low latency colocated infrastructure. Saxo Prime combines direct connectivity with access agreements and credit intermediation where needed.
Saxo Prime is independent of and segregated from Saxo Bank's market making desk and infrastructure.
A range of institutional clients – Asset Managers, Retail Brokers, Proprietary Trading Firms – can open a margined account with Saxo Bank providing a single-point-of-contact access to multiple types of liquidity providers and the most efficient utilisation of collateral.
Clients who have an existing Prime Brokerage relationship can also make use of Saxo Prime’s connectivity and access, via give up agreements with the major prime brokers.
Each of the most liquid exchanges and venues in FX require credit relationships for access, and each requires their own user / platform agreements.
Prime Brokerage allows Saxo Prime clients access to ALL these trading venues based on a single account held at Saxo Bank under a single umbrella user agreement. This means that Saxo Prime clients have direct access to the institutional liquidity pools that power the FX markets, with the trades settling versus their Saxo Bank account.
Saxo Prime provides direct access to a pool of the tier one market making banks and non-banks in foreign exchange, or direct access to the FX ECN’s.
A single API connection gives users flexibility to explore and choose which managed or custom liquidity pool, or ECN combination, is best for them. Users connect once, and choose the best fit over time, without the need for re-plumbing.
Saxo Prime clients can connect to liquidity via Saxo Bank’s infrastructure, or via colocated infrastructure at the centres that host the primary market access points in New York, London and Tokyo (NY4, LD4 and TY3).
Saxo Prime offers our client’s access to the optimised API available from MarketFactory, a leader in low latency FX market connectivity.
Saxo Prime provides direct access to the leading FX liquidity pools, from a range of ECNs to pools of tier one liquidity.
Saxo Bank has leveraged two decades of experience in constructing and optimizing our FX liquidity relationships with tier one trading partners to optimise trading conditions for Saxo Prime and DMA clients.
ECN Direct Market Access
Saxo Prime offers
all of the major FX ECNs e.g.: Currenex, HotSpot, FXAll, etc.
Direct Bank Access - Managed Pools & Custom Streams
Saxo Bank works with all leading FX market making firms to provide a range of pre-packaged FX liquidity pools for clients to directly access.
Additionally, Saxo Bank can work for clients to construct custom streams of liquidity, created on a bespoke basis in conjunction with the liquidity providers and client needs.
Saxo Prime’s DMA functionality is built on MarketFactory’s FX Aggregator (Trading Gateway), providing a single Application Programming Interface (API) for normalised connectivity to major market making banks, non-banks and Currency Electronic Communication Networks (ECN).
MarketFactory is a leading provider of low latency algorithmic trading software and hosted colocation services in the FX space.
Read more about MarketFactory's single API to major liquidity venues
Saxo Bank’s clients are not exposed to changes, updates or multiple access agreements across various feeds, and the API preserves the features of each venue, delivering continuous connectivity.
Saxo Bank A/S is a fully licensed Danish bank under the supervision of Finanstilsynet (the Danish FSA). Established in 1992 and headquartered in Copenhagen with 20+ international offices and 33 billion DKK assets under management (as of 31 December 2011), Saxo Bank enjoys a Solvency Ratio (Pillar I) of 14.5%.
To balance credit risk posed by liquidity providers and financial brokers, Saxo Bank operates only with regulated counterparties who have the highest credit ratings.
Read more about Saxo Bank
Saxo Prime Direct Market Access in FX can be combined with multi-asset liquidity from Saxo Bank's own high quality multi-asset liquidity. This means that Saxo Prime can also offer liquidity in CFD’s.
Read more about Saxo Direct - API with multi-asset liquidity from Saxo Bank