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Saxo Bank boosts FX Prime Brokerage

First Published 14th November 2016

Cross-collateralization between PrimeXM sites to optimize multi location FX DMA.

Saxo Bank is boosting its FX Prime Brokerage solution with the addition of a cross-collateralisation facility between PrimeXM sites in New York, London and Tokyo where it provides FX direct market access.

The cross-collateralisation facility will help Saxo's clients avoid over allocation of capital by giving them the ability to use a single pool of collateral across the three major global FX sites, while maintaining a pre trade credit check per site.