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Cognotec and Saxo Bank Team up for Retail FX Trading

Saxo Bank has agreed to provide streaming price liquidity to Cognotec’s RealStream Margin Trading platform in a partnership that targets the expanding number of professional retail traders in foreign exchange.

The partnership brings together two of the biggest names in retail e-FX trading.

“We are very excited about the potential for growth in this market and believe the agreement benefits the position of both parties to participate in that growth and ultimately provide our partners with a market-leading solution,” says Brian Maccaba, CEO of Cognotec.

He adds that the partnership positions Cognotec as the preferred alternative platform provider to clients sourcing liquidity from Saxo Bank.

Under the agreement, Saxo Bank will stream prices to Cognotec’s platform and with one-click trading, prices will be fully executable, which will greatly enhance the straight-through experience of the end client, the companies say. 

Lars Seier Christensen, Saxo Bank co-founder and joint CEO, says that the venture will effectively grow Saxo’s client base and extend the bank’s global presence further and wider “by joining forces with another leading FX technology provider."

RealStream Margin, which was launched in May 2006, is an integrated platform that provides a web-distributed trading suite for end clients, while simultaneously providing full collateralisation or margining trading capabilities for standalone control over credit risk associated with trading in the market.

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