Cognotec and Saxo Bank announce partnership for retail FX liquidity provision

London and Copenhagen, 21 January: Cognotec and Saxo Bank, two of the leading providers of web-based institutional and retail foreign exchange trading solutions, have today announced a partnership in which Saxo Bank will provide streaming price liquidity to Cognotec’s RealStream Margin Trading platform.

The partnership brings together two leaders in the world of e-FX at a time of immense growth in professional retail trading of FX. Saxo Bank, is well-established as the market leader in professional retail trading of FX, while Cognotec is recognised as a leading technology provider, offering award-winning technology platforms in automated FX trading.

Brian Maccaba, CEO of Cognotec says “We are delighted to partner with a progressive bank such as Saxo Bank with its depth of FX experience, and particularly their leading profile in the professional retail trading market.”

Maccaba adds, “We are very excited about the potential for growth in this market and believe this agreement benefits the position of both parties to participate in that growth and ultimately provide our partners with a market-leading solution. This partnership positions our platform as the preferred alternative platform provider to clients sourcing liquidity from Saxo Bank and therefore offers clients a greater choice of technology platform while still maintaining a single service offering”

Cognotec recently launched the RealStream Margin platform which is specifically designed to target the professional retail market for trading FX as an asset class. Under the deal, Saxo Bank will stream prices to Cognotec’s RealStream Margin Trading platform. With one-click trading, prices will be fully executable, greatly enhancing the straight through experience of the end client.

Lars Seier Christensen, Saxo Bank Co-founder and joint CEO says the deal further establishes Saxo Bank as the leader in the market for professional trading.

“With this new venture, we are effectively growing our client base even more and extending our global presence further and wider, by joining forces with another leading FX technology provider.”

RealStream Margin is a complete solution for those wishing to gain entry to the fast-growing ‘retail’ segment of the FX market.

Julia Reynolds, Product Director for RealStream Margin adds “The combination of liquidity from Saxo Bank and our trading technology is a winning solution for those wishing to provide a comprehensive and scalable solution in this market. This partnership further enhances the ease of integration and time to market to this high-growth business.”

An integrated platform, RealStream Margin provides a web-distributed trading suite for end clients, while simultaneously providing full collateralisation or Margining Trading capabilities for standalone control over Credit Risk associated with trading in this market.

Media enquiries:

Saxo Bank:

Kate Hage, PR Manager, London, +44 (0)207566946 / kah@saxobank.com
Kasper Elbjorn, PR Manager, Copenhagen, +45 3065 4300 / Team-CorporateCommunications@saxobank.com

Penrose Financial:

Alex Clelland, +44 (0)20 7786 4866/ alexc@penrose.co.uk
Niasha Don Carolis, +44 (0)20 7786 4831/ niashad@penrose.co.uk

Cognotec:

Rod De St Croix, Cognito UK +44 (0)20 7438 1100 / cognotec@cognitomedia.com

About Saxo Bank A/S

Saxo Bank A/S is a modern investment bank specializing in online investments in international Capital Markets. Saxo Bank enables clients to trade currencies, shares, CFDs, futures, options and other derivatives, as well as providing portfolio management via our online trading platform, SaxoTrader. SaxoTrader has been developed by Saxo Bank and is available to today's investor directly through Saxo Bank or through one of our global partnerships, where it forms an integral part of their infrastructure. One of Saxo Bank's significant areas of business is White Labelling. This involves the bank’s online trading platform being customized and branded for other financial institutions and brokers. Saxo Bank has more than 85 White Label Partners and boasts thousands of clients in over 177 countries. The bank's website www.saxobank.com receives approximately 65,000 visitors every day. Saxo Bank currently employs almost 1,200 employees from 58 different countries.

Saxo Bank has its headquarters in Copenhagen, with offices in London, Geneva, Zürich, Singapore and Marbella. It also runs a representative office in Beijing and an IT development centre in St. Petersburg.

www.saxobank.com
www.saxobank.dk
www.saxobank.co.uk
www.synthesisbank.com
www.saxomarkets.com.sg
www.saxotrader.es
www.saxosoft.com

About Cognotec

Cognotec is a global provider of leading-edge FX trading and connectivity solutions that enable financial institutions to deliver customised, real-time, electronic trading services to their clients. With over 15 years’ experience of working with over 90 financial institutions in 26 countries, Cognotec continues to deliver technologically advanced, award winning products and services that anticipate and respond to the evolving needs of the FX market. Cognotec’s solutions are used by a quarter of tier one financial institutions across the globe.

In addition to its Dublin-based headquarters and development centre, Cognotec also offers consultative and customer services from its regional offices located in London, New York, Singapore, Tokyo and Chennai.

For further information, please visit www.cognotec.com