Saxo Bank receives market liquidity on OTC products from more than 15 different market liquidity providers and ECNs, and market liquidity for listed products is received through connectivity to various exchanges. Saxo Bank uses several executing brokers for its trading activities, but all trades are in turn transferred (given-up) to the Bank’s prime brokers.
Key providers of liquidity within foreign exchange include Deutsche Bank, UBS, Citibank, JPMorgan Chase, and Goldman Sachs.
Key counterparties within CFDs and listed products include UBS, Nomura, JPMorgan Chase, BNP Paribas and Morgan Stanley.
In the Order Execution Policy below you can read how Saxo Bank executes customer orders and fulfils its obligation to achieve the best execution of your (asset management) orders for you, including a full up-to-date list of providers:
The Group uses a network of custodians, including a Global Custody solution through Citi, direct custody solutions where required, and in two cases a direct membership with the local CSD (VP in Denmark, and VPS in Norway). Common to all is that we segregate proprietary holdings from client holdings. In order to allow for resilience planning, Saxo Bank has expanded the sub-custody network to include BNP Securities Services as the European provider and HSBC in APAC. View the sub-custodian agent banks here.