Saxo Bank joins FairXchange’s data-driven ecosystem of LPs

Rick Steves

“The relationship with FairXchange is already off to a very strong start. Since we went live with FairXchange we have already noted a material uplift in engagement from our trusted liquidity partners, leading to greater profitability both for them and for us, ultimately resulting in better liquidity for our clients.”

Saxo Bank has announced it has joined the expanding FairXchange ecosystem to enhance its data-driven dialogue with Liquidity Providers (LPs).

FairXchange is providing Saxo Bank with its liquidity management platform, Horizon, as the bank invests in the early adoption of data-driven approaches as part of its efforts to maximize opportunities through collaborative efforts in liquidity management.

“A material uplift in engagement from our trusted LPs”

Guy Hopkins, CEO and Founder of FairXchange said “We are delighted to welcome Saxo to the FairXchange network. They were one of the very first institutions to embrace data-driven dialogue with its Liquidity Providers, and they have always had a deep understanding of the importance of working with their LPs to source the best possible liquidity. We are delighted to help them continue in that spirit of collaboration, working with them to help them maximize opportunities for them, their LPs, and their clients.”

James Dewdney-Herbert at Saxo commented “The relationship with FairXchange is already off to a very strong start. Since we went live with FairXchange we have already noted a material uplift in engagement from our trusted liquidity partners, leading to greater profitability both for them and for us, ultimately resulting in better liquidity for our clients.”

United Fintech plans to fully acquire FairXchange

FairXchange is a data science firm specializing in Foreign Exchange markets founded in 2016 by Guy Hopkins, a former Bloomberg veteran and head of FX at Morgan Stanley. Specializing in microstructural analysis of financial markets, the firm offers better transparency around execution performance.

FairXchange has no affiliation with any liquidity providers or trading venues, and is already being used by an extensive client base including several global financial institutions. The company’s analytical product, Horizon, analyzes all relevant transaction and pricing data and helps facilitate mutually profitable data-driven discussions with its liquidity providers and liquidity consumers.

In 2021, United Fintech acquired a minority stake of 25% in FairXchange for an undisclosed amount, with the intention of fully acquiring the firm over the next few years through a multi-stage takeover. In the meantime, FairXchange partnered with several big names within the FX industry, including FXSpotStream and 24 Exchange,

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