Saxo Bank has launched a new, full amount execution infrastructure for its prime-of-prime (PoP) service.
Running on dedicated infrastructure through the firm’s direct market access (DMA) liquidity hubs in London and New York, Saxo says the full amount execution capability provides lower market impact for large orders in FX and precious metals.
Demand has been driven by growth in small- to mid-sized institutional clients looking for direct market access and liquidity optimisation services.
Lucian Lauerman, global head of electronic distribution, comments: “We have grown our prime-of-prime business quite significantly and we are meeting increasing client demand for execution in large order sizes. To support efficient execution and sustainable liquidity access, we have set up a dedicated infrastructure allowing clients to execute in full amount through liquidity connectivity in both NY4 and LD4. This offers clients better pricing and lower market impact on larger tickets.”
Lauerman continues: “We have worked with our DMA liquidity providers to arrange bespoke, full amount liquidity feeds for this service. The service runs on a dedicated infrastructure in each location to ensure performance and scalability. In our view, the ability to provide full amount execution on large orders is a key differentiator in our suite of optimised liquidity services in FX.”