Saxo Bank Announces Addition of new No Dealing Desk Accounts
Denmark (ots/PRNewswire)
Leading online multi-asset trading specialist boosts Direct Market Access service
Saxo Bank [http://www.saxobank.com], the online multi-asset trading and investment specialist, today announced that there will be new No Dealing Desk (NDD) account structures for FX, as well as a more integrated MetraTrader4 (MT4) solution providing clients with a choice of pricing structures.
Saxo Bank will launch multiple new NDD style accounts designed for clients seeking Direct Market Access (DMA) by trading anonymously on best in class liquidity sourced from the world's top banks and specialist market makers. With this offering, Saxo provides clients with a choice of pricing structures; clients can either trade on raw market spreads plus volume based commissions, or trade on the same DMA liquidity with an all-inclusive spread.
Additionally, Saxo Bank is now also offering investors a "SaxoMT4Linked" account. This allows clients to combine use of MT4 as an execution harness for FX and CFDs, with trading on Saxo Bank's award winning proprietary platforms. This provides clients with an opportunity to access the full universe of tens of thousands of additional products, including Equities, Futures, Options, Fixed Income and ETFs. All trades flow to a single multi-product, cross-collateralized, margin account.
Commenting on the launch, Neil Browning, Senior Director, FX Sales, said:
"As Saxo experiences an increased demand for flexible solutions, we are presenting these new accounts for our clients to empower them with the opportunity to choose the combination of platform, pricing and market access they believe best suits their own trading style and needs.
"Being a trusted service provider, we continue to provide new opportunities for our clients, as we strive to be the facilitator of choice."
About Saxo Bank
Saxo Bank is an online multi-asset trading [http://www.saxobank.com/forex?csref=b1744_Link_boilerplate_pressrelease] and investment specialist, offering private investors and institutional clients a complete set of tools for their trading and investment strategies. Its financial community portal, TradingFloor.com [https://www.tradingfloor.com], is the first multi-asset social trading platform. A fully licensed and regulated European bank, Saxo Bank enables clients to trade FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives on our award winning SaxoTrader platform, accessible on PC [http://www.saxobank.com/trading-platforms/saxotrader]s, tablet [http://www.saxobank.com/trading-platforms/saxowebtrader]s or smartphone [http://www.saxobank.com/trading-platforms/saxotrader-apps]s through a single account and available in more than 20 languages. The platform is white-labelled by more than 100 major financial institutions worldwide. Saxo Bank also offers professional portfolio and fund management as well as traditional banking services through Saxo Privatbank. Founded in 1992, Saxo Bank is headquartered in Copenhagen and has offices in 26 countries throughout Europe, Asia, the Middle East, Latin America, Africa and Australia.
Contact:
Media enquiries: Kasper Elbjørn, Head of International
Communications, +45-3065-4300, press@saxobank.com