Saxo targets institutional clients with CLS service

This service adds to Saxo’s existing prime brokerage give-up service, set up with Deutsche Bank and Royal Bank of Scotland. Having both services allows it to fully provide for institutional clients’ needs, said Christensen.

Most Saxo clients currently operate on a margin. With these new functions and institutional spreads, which are at least one pip tighter than for retail clients, there is the potential for significant growth at little cost, said Christensen.

Although three quarters of Saxo’

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