LONDON, April 16, 2013 /PRNewswire/ --
Saxo Capital Markets UK, the multi-asset online trading and investment specialist, has today launched a new pricing structure as part of its effort to enhance its offering.
Saxo Capital Markets is dedicated to providing access and tools for clients across multiple asset classes. Responding to client preference, the new pricing structure will mean that the target spreads for all FX spot pairs will be reduced. Some of the key crosses that will see lower target spreads are:
- EURUSD 2.0 to 1.5
- USDJPY 2.0 to 1.5
- USDCAD 5.0 to 1.5
- AUDUSD 3.0 to 1.6
- EURJPY 3.5 to 1.9
- GBPJPY 7.0 to 3.7
Torben Kaaber, CEO of Saxo Capital Markets UK, comments:
"Two-thirds of our clients trade three or more asset classes using their own specific choice of market access. Whether via FX spot, forwards, futures, contract options, ETFs or CFDs; Saxo Capital Markets offers the choice to trade most asset classes over-the-counter or on exchange.
"Saxo's platform combines a reliable and flexible way to hedge and trade in a multi-asset environment with global market coverage. Since FX is still a major component of clients' portfolios, we decided to lower target spreads for all FX spot spreads, including EURUSD and USDJPY, in order to further increase the competitiveness of our platform."
The new lower spread is particularly attractive on EURUSD, as John Hardy, Head of FX Strategy, Saxo Bank, explains, "It is expected that we will eventually head back to the 2012 lows near 1.2000 and possibly even lower, as Europe either pulls together with the help of huge ECB involvement or moves back into crisis mode in the wake of the German elections in September."
For more information and to see a full list of all new FX spreads that have been lowered, please go to http://www.saxomarkets.co.uk
About Saxo Capital Markets
Saxo Capital Markets UK Limited is a wholly owned subsidiary of Saxo Bank A/S, the parent company of the Saxo Bank Group, an international financial services group specialising in trading and investment across global financial markets. Saxo Bank has operated in the UK since March 2006, initially as a branch of Saxo Bank A/S and since 1 January, 2012 as Saxo Capital Markets UK Limited.
Saxo Capital Markets UK offers private investors online trading and investment in FX, CFDs, ETFs, Stocks, Futures and Options. Saxo Capital Markets UK also offers online trading services to a broad institutional client base including Hedge Funds, Introducing Brokers and Money Managers through our award-winning trading platform SaxoTrader, SaxoWebTrader and SaxoMobileTrader and B2B/API services via Saxo Bank A/S our parent company.
Additionally a large base of Banks, Brokers, Asset and Money managers, utilise Saxo Bank´s award winning white label solutions, in order to provide their clients with access to all or some of our trading platforms and associated liquidity.
This material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. This material may refer to past performance and you should note that past performance is not necessarily a reliable indicator of future performance. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Saxo Capital Markets UK Limited or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
Our products are traded on margin and it is possible to incur losses that exceed your initial deposit.
Saxo Capital Markets UK Limited is authorised and regulated by the Financial Conduct Authority, registration Number 551422. Registered address: 26th Floor, 40 Bank Street, Canary Wharf, London E14 5DA
Uriel Alvarado Cancino, Chief Public Relations and Marketing Officer, Saxo Capital Markets UK
Nicholle De Beer, Public Relations and Marketing Manager, Saxo Capital Markets UK
SOURCE Saxo Capital Markets