Saxo Bank strengthens liquidity in partnership with FairXchange, utilizing Horizon for enhanced global online trading liquidity management.
Saxo Bank strengthens liquidity in partnership with FairXchange, utilizing Horizon for enhanced global online trading liquidity management.
Saxo bank partnership with FairXchange, specializing in FX markets for enhanced liquidity management. The collaboration aims to strengthen Saxo Bank’s global online trading and execution services by leveraging FairXchange’s liquidity management platform, Horizon.
FairXchange is dedicated to ensuring commercial sustainability in the FX space for all participants, emphasizing collaboration between buy-side and sell-side entities. The partnership with Saxo Bank underscores a commitment to fostering data-driven dialogue with Liquidity Providers (LPs) and optimizing liquidity for mutual benefit.
Guy Hopkins, the CEO and Founder of FairXchange expressed enthusiasm about welcoming Saxo Bank to the network, highlighting the bank’s early adoption of data-driven dialogue with LPs. He expressed delight in aiding them to sustain a collaborative spirit, working to maximize opportunities for them, their LPs, and their clients. James Dewdney-Herbert at Saxo Bank shared positive feedback on the partnership, stating, “The relationship with FairXchange is already off to a very strong start.”
Since implementing FairXchange’s Horizon platform, Saxo Bank has observed a substantial increase in engagement from trusted liquidity partners, resulting in greater profitability for both parties and improved client liquidity.
Founded in 1992, Saxo Bank has been at the forefront of making global financial markets accessible. Having launched one of Europe’s first online trading platforms in 1998, the bank has consistently provided professional-grade tools and facilitated easy access to global financial markets for investors worldwide.
Saxo Bank’s recent financial performance showcases a month-over-month increase of 13.6% in forex trading volume for December of the previous year, reaching $13.8 billion – the highest since March. The average daily volume for FX rose to $6.4 billion, indicating a year-over-year increase of 16.3%. Despite a slight drop compared to December 2022, the overall monthly volume at Saxo increased by 1.8% to $369.5 billion, fueled by heightened demand for forex. Lastly, The positive outcomes highlight Saxo Bank’s resilience and ability to adapt to evolving market conditions.
Also, Stay Updated With Us For More News On Broker News.
Astro Pips is an online brokerage offering access to global markets through the industry-favorite MetaTrader 5 trading platform. Traders can explore forex, crypto, indices, stocks, metals, and commodities with flexible trading conditions.
Valor Markets is a brokerage registered in the Union of Comoros that aims to provide a flexible and accessible trading environment. Clients can trade through the MetaTrader 5 platform and explore a range of forex pairs, commodities, indices, stocks, and cryptocurrencies.
Liquid Brokers is an international trading platform designed to offer flexible market access and clear trading conditions. Clients can trade through Liquid Charts or MetaTrader 5 and explore a wide range of global assets.
Please drop your email below to get daily updates about what we do
FX Broker Tester is your guide to uncovering dependable Broker partners perfectly aligned with your needs in the financial markets. Identify the ideal match by exploring the meticulous evaluation conducted by our team of seasoned analysts. Via our platform, you gain entry to comprehensive broker reviews, rankings, detailed comparisons, the latest broker news, and a calendar of worldwide Forex events.
