Saxo Bank Launches New Collateral Solution, Strengthening FX Prime Brokerage
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Saxo Bank Launches New Collateral Solution, Strengthening FX Prime Brokerage
Danish multi-asset provider Saxo Bank has bolstered its foreign exchange (FX) prime brokerage capabilities by implementing a new cross-collateralisation facility between PrimeXM sites in New York, London and Tokyo, helping provide FX direct market access (DMA), per a company statement.
The new initiative and cross-collateralisation facility is important as it will help support Saxo Bank’s existing Prime clients with global liquidity needs to facilitate and streamline their collateral by synchronizing balances and exposures across the three aforementioned primary global FX locations in New York, London and Tokyo.
By helping optimize clients’ multi location FX DMA, Saxo Bank will also help mitigate episodes ... (read more)
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