Retail FX brokers throughout Australia can achieve entry to an “distinctive” FX Prime of Prime (PoP) brokerage service – together with liquidity from nearly 30 Tier One international Liquidity Suppliers (LPs) – by partnering with Saxo Australia, in response to the distinguished FX Markets Asia Awards 2024.

On 21 March, 2024, Saxo Australia was awarded “Finest FX Prime of Prime” within the FX Markets Asia Awards 2024, its first such award from FX Markets within the area.

Its PoP providing is right for FX brokers throughout Australia looking for the sharpest potential costs for his or her liquidity wants, facilitated by entry to the world’s largest FX homes through the three largest monetary information centres (LD4, NY4 and TY3).

By way of Saxo, PoP shoppers even have the capability to “slice and cube” FX liquidity based mostly on their particular wants, and to observe quotes to optimise fills and limits – which all ends in a extra aggressive retail FX providing, and happier finish shoppers.

In granting the award, FX Markets mentioned Saxo’s PoP providing was of “distinctive high quality”, and the standout amongst a report variety of award entrants.

Saxo Australia Institutional’s Gaye Anable mentioned, “Choosing the precise PoP supplier is essential to making sure the long-term success of any buying and selling enterprise. Saxo’s breadth of merchandise, intensive liquidity community, execution high quality, danger administration, compliance, know-how and pricing all contribute to the supply of our client-specific options. We’re proud to be recognised for our deal with delivering worth for our shoppers.”

Saxo Australia Chief Govt Officer Adam Smith mentioned, “Saxo can facilitate entry to the total suite of FX merchandise by means of its PoP providing, from CFDs to FX forwards, spot, swaps, vanilla choices, and extra. We additionally allow shoppers to cross-collateralise throughout liquidity sources, venues, and suppliers. So no matter your FX brokerage’s wants, Saxo can present a high-quality resolution.”

Saxo in 2023 additionally boosted its PoP providing by means of its partnership with FairXchange, which offers liquidity administration information analytics by means of its Horizon platform.

Horizon facilitates high-quality eFX insights in actual time, together with modifications in spreads, skews and consumer buying and selling. This partnership has already led to an uplift in engagement and dialogue from Saxo’s international LPs – main in flip to a greater, sharper liquidity providing for Saxo shoppers.