Saxo’s unrivalled FX Prime of Prime offering acknowledged in FX Markets Asia Awards 2024 triumph

SINGAPORE, 21 March 2024 - Saxo’s market-leading FX Prime of Prime (PoP) brokerage service, which offers retail FX brokers seamless liquidity from almost 30 Tier One global Liquidity Providers (LPs), has been deemed the best in the Asia-Pacific by the prestigious FX Markets magazine.

Saxo was on 21 March awarded “Best FX Prime of Prime” in the FX Markets Asia Awards 2024, its first such award from FX Markets in the region.

Saxo’s PoP offering is ideal for FX brokers across the region seeking the sharpest possible prices for their liquidity needs, facilitated by access to the world’s largest FX houses via the three largest financial data centres (LD4, NY4 and TY3).

Through Saxo, PoP clients also have the capacity to “slice and dice” FX liquidity based on their specific needs, and to monitor quotes to optimise fills and limits.

Saxo Asia Pacific Chief Executive Officer Adam Reynolds said: “The breadth and scale of Saxo’s FX PoP offering sets it apart in Asia, so we’re incredibly glad to win this year’s FX Markets Asia Award. Saxo’s relationship with almost 30 Tier One global LPs and Electronic Communication Networks (ECNs) ensures clients receive the best possible prices, while its API technology and platforms facilitate trading in a range of FX products under one roof.”

Saxo in 2023 also boosted its PoP offering through its partnership with FairXchange, which provides liquidity management data analytics through its Horizon platform.

Horizon facilitates high-quality eFX insights in real time, including changes in spreads, skews, and client trading. This partnership has already led to an uplift in engagement and dialogue from Saxo’s global LPs – leading in turn to a better, sharper liquidity offering for Saxo clients.

Saxo Asia Pacific Head of Institutional Sales Ivan Chang said: “Saxo can facilitate access to the full suite of FX products through its PoP offering, from CFDs to FX forwards, spot, swaps, vanilla options, and more. We also enable clients to cross-collateralise across liquidity sources, venues, and providers, and to work with the technology vendor of their choosing – so choosing Saxo for your PoP needs is a no brainer.”

In granting the award, FX Markets said Saxo’s PoP offering was of “exceptional quality”, and the standout among a record number of award entrants.

Find out more about Saxo’s FX PoP offering on its Institutional Sales website.