Saxo Adds No Dealing Desk FX Accounts and Equities, Futures, Options, Fixed Income, ETFs on MT4

Saxo Bank, the Denmark-based multi-asset brokerage, today announced that it will finally be offering a No Dealing Desk (NDD) account execution for FX, as well as a more integrated MetraTrader4 (MT4) solution providing clients with a choice of pricing structures and access to non-FX instruments.

Saxo Bank will be launching multiple new NDD style accounts designed for clients seeking Direct Market Access (DMA) by trading anonymously on best-in-class Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term sourced from the world’s top banks and specialist Market Makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Read this Term. 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. This will bring the broker up to the standard that others, such as FXCM, have been offering for years.

Another much more innovative offer announced today by Saxo Bank, is that it now offers investors what it calls 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 proprietary platforms. This provides clients with an opportunity to access 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.”

Saxo Bank is overhauling its entire offering and also recently announced that the broker will start charging a small custody fee on a monthly basis for clients holding stocks, bonds and ETFs/ETCs starting from January 1st, 2015.