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-saxo
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

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Asia FX Awards 2024: The winners

The FX Markets Asia FX Awards present 43 categories, determined by an esteemed judging panel comprising industry experts and FX professionals across Apac. They have paid attention to firms that brought unique and innovative ways to fulfil industry needs…

HSBC wins six Apac FX house of the year awards

With one of the strongest footprints in the Asia-Pacific region (Apac), HSBC provides international clients with an extensive local FX franchise while facilitating local clients’ access to international markets

Firms seek optimisation gains as UMR and SA-CCR bite

A wider range of market participants is taking advantage of service providers such as OSTTRA’s optimisation cycles to drive margin and counterparty credit risk efficiencies across asset classes including FX, rates, equities, commodities and credit

Best FX overlay manager: State Street

In the most challenging market environment in many years, demand for State Street’s currency management offering spiked in 2022 as market participants sought assistance in minimising their FX risk and optimising their hedging activities

Best settlement initiative: CLS

Created 20 years ago to mitigate FX settlement risk, CLS continues to lead the settlement sphere with new solutions designed to meet the challenges of an ever-evolving FX market

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