Saxo Bank joins Reuters Prime Brokerage for Matching with JP Morgan

London and Copenhagen, 28 January: Saxo Bank and JP Morgan today announced a prime broker agreement that will make Saxo one of the first, fully deployed clients of the newlyenhanced Reuters Prime Brokerage for Matching service.

The agreement will open a new channel of inter-bank liquidity for Saxo, giving the bank’s clients access to greater liquidity and increased accuracy of trading data for their currency pair operations.

“Saxo Bank provides 160+ currency pairs to its clients and the Reuters agreement will enhance the service and pricing on offer, especially in the less liquid currency pairs and markets," says Shailendra Robin Patel, global head of business development at Saxo Bank.

Commenting on the deal, Saxo Bank Co-founder and joint CEO, Lars Seier Christensen says: “We are delighted to extend our existing relationship with JP Morgan and to become one of the first clients of the enhanced Prime Brokerage for Matching on Reuters. These agreements are testament to our commitment to offering our clients a market-leading FX service through innovation.”

The agreement is an extension of the existing liquidity agreement between Saxo Bank and JP Morgan. Under the agreement, JP Morgan will act as intermediary between Saxo Bank and the thousands of international banks that trade FX on a daily basis using Reuters Matching tools.

“Reuters Prime Brokerage for Matching opens up new opportunities for more of our customers, giving them access to one of the premium sources of liquidity in the interbank market,” comments Jas Singh, Global Head of Treasury at Reuters.

The new Reuters service builds on the existing model by allowing institutions to access liquidity and trade on Reuters Spot Matching via keyboards as well as a trading Application Product Interface (API).

Media inquiries:

Saxo Bank:
Kate Hage, PR Manager, London, +44 (0)207566946 / kah@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

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.