e-FX Awards: Saxo Bank – Best Prime-of-Prime Provider and Best Retail FX Platform

It prides itself on the breadth of access its clients enjoy with 24 bank and non-bank LPs pricing into streams

Peter Plester, head of FXPB at Saxo Bank

Five years ago, the idea of prime-of-prime (PoP) providers being an integral part of the market structure would have caused mirth. Credit was abundant and cheap, and almost no shop was too small for traditional bank foreign exchange prime brokers (FXPBs) to find a home.

Today, it is the other way around. PoPs are firmly part of the credit intermediation chain, with FXPBs viewing them as a sort of distribution hub for their services. But, perhaps due to the relatively sudden spurt of growth in t

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