Saxo Bank introduces new policy for white label clients’ proprietary trading

Maria Nikolova

The company will offer a full separate structure for proprietary trading requirements.

Saxo Bank

Saxo Markets, the institutional division of Saxo Bank Group, has announced the introduction of a new policy for white label clients’ proprietary trading.

The changes are made in response to what the multi-asset trading and fintech provider called “increased complexity within reporting requirements”.

In order to have full transparency and to keep the activity of their client trading separate from any prop trading activity, Saxo is offering its white label partners a full separate structure for all prop trading requirements they might have. The proprietary trading structure will give white label partners access to all products offered by Saxo Bank on the same conditions they have within their White Label Structure. The products will be available on Saxo Bank’s comprehensive suite of trading platforms.

The additional structure will be governed by an Institutional Trading Agreement for proprietary trading, whereas the new structure will be subject to a separate authorised dealer set-up.

Saxo underlines that no proprietary trading is allowed within one’s White Label Structure.

Saxo boasts a high number of white label partners that benefit from the bank’s proven technology.

As Saxo Bank’s Søren Kyhl and Stig Tørnes have explained in a detailed research piece, viewing banking as a platform (BaaP) and deciding on which parts of the technology stack the banks will own themselves and which parts they will outsource and use on a white labelled basis is a cost efficient way of being relevant to the clients and protecting revenues. BaaP is a strategy which means a bank is open to partnerships with other banks or fintech companies.

In the research piece, published in October last year, Søren Kyhl and Stig Tørnes argued that the successful bank of the future should aim for a ‘modern’ and ‘open’ IT platform which enables it to realise the benefits offered by economies of scale characterising the financial services industry. They underlined the importance of banks employing a dual partnership strategy: engaging directly with customers via the bank’s customer interface as well as attracting flow or business from other partners, such as banks or fintech companies, within their core areas.

Read this next

Market News

Unveiling the Top Performers in December 2023: A Stock Market Overview

As we approach the end of 2023, the dynamic landscape of the stock market unveils a year marked by high-profile events, from the resurgence of tech stocks to the demise of financial institutions.


Avelacom enhances connectivity across Middle East and East Asia

“Network latency is a critical factor in their operations across multiple, fast-moving markets where seizing arbitrage opportunities instantaneously is essential. We are dedicated to continually optimizing our global network paths. Our London to Tokyo route, a flagship for Avelacom, has been upgraded alongside other key markets in Asia, India, Turkey, and the Middle East.”

Institutional FX

DMALINK adds Commerzbank to its FX streaming service

“The inclusion of Commerzbank stems from ongoing client demand, achieving our core objective of providing data-driven institutional FX liquidity in a variety of trade sizes to users of any of our platforms looking to access primary markets efficiently.”

Institutional FX

Citi taps Traydstream to streamline trade documentation for its clients

Traydstream specializes in intelligent data extraction using AI and optical character recognition. Its technology significantly reduces the time needed for document checks in trade transactions, leveraging a machine-learning engine with an extensive rule database.

Retail FX

Greenwood launches mobile trading app for the Black and Latino communities

To encourage first-time investing, Greenwood will provide $10 to users, which can be used towards stocks and ETFs on the Greenwood Invest platform

Industry News

Did the SEC lie about DEBT Box’s alleged $50 million crypto scam?

The SEC has a two-week period to respond to the judge’s concerns about their factual and contextual accuracy in their allegations against Debt Box.

Inside View

Industry Leaders Share Insights on Framing Crypto Payments into FX Brokerage Business

While the allure of crypto payments is strong, caution is essential. The potential benefits in terms of speed, lower fees, and blockchain efficiency need to be weighed against the risks associated with cryptocurrency volatility. 

Institutional FX

FXSpotStream volumes hit 14-month high in November

FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, reported its operational metrics for November 2023, which moved higher on a monthly basis.

Digital Assets

Circle denies ties with Palestinian groups, TRON founder

Stablecoin issuer Circle has denied allegations that it facilitates funding for terrorist organizations.