London: Saxo Bank, the online multi-asset trading and investment specialist, announced an increase in monthly average FX volumes of nearly 600 percent compared to December 2011 on Saxo Direct, its cross-asset API (Application Programming Interface) solution for institutional clients. In the same period, CFD and Cash Equities volumes on Saxo Direct increased by 650 percent. New clients using the Saxo API service are primarily retail aggregators and asset managers. The number of active clients grew significantly in 2012.
Saxo Direct provides institutional clients with FX and CFD liquidity and an enhanced pricing and execution offer for their use or for their own clients. Saxo approaches the Direct API channel by leveraging the expertise gained over years of managing their own relationship with liquidity providers, and uses these same tools, metrics, and expertise to construct customised feeds to provide reliable high quality liquidity services to Saxo Direct clients. Based on the FIX Protocol, the Saxo Direct API solution connects to clients FIX trading engines and Order Management Systems. Customers can trade FX, CFDs (Indices and Commodities), CFD DMA, Stocks and Futures using a single API. Saxo Direct also supports connectivity for a range of Metatrader 4 solutions and has added support for several new third party platforms in 2012
Lucian Lauerman, Head of API Business at Saxo Bank comments: “2012 has been a very successful year for our institutional offering, and Saxo Direct in particular has seen extraordinary growth. We have invested substantial resources into building relationships and connectivity with retail aggregators, asset managers and technical facilitators. We will now continue to further develop and enhance the functionality of Saxo Direct to provide a market-leading solution.” the peninsula
Muscat: The first Gulf Businesswomen Forum is set to kick off in Muscat tomorrow. The forum is jointly organised by Oman Chamber of Commerce and Industry (OCCI) and the Federation of the GCC Chambers. The three-day forum will review the latest economic developments and challenges facing GCC businesswomen, and tackle means of enhancing GCC women’s role in economic development and the role of education and training in enhancing their participation, state news agency ONA reported. The forum will also discuss the economic and social impacts of the woman’s involvement in the labour market, economic laws and legislations and their role in strengthening women’s participation. An exhibition featuring GCC women’s work and leading institutions will be organized on the sidelines of the forum. QNA
