Thu, Feb 23, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Saxo Prime launched to prime broke small to medium sized hedge funds

Tuesday, April 16, 2013

By Beverly Chandler, Opalesque London:

Torben Kaaber, CEO of Saxo Capital Markets UK is looking for small to medium sized hedge funds who want prime brokerage services. "We have optimised our platform and updated the whole infrastructure so we can cater for the segment below the big hedge funds with our multi product offering" Kaaber says. "Smaller hedge funds can do everything with us rather than using four or five banks – it is cheaper and the big banks don’t want that middle segment as they are too small to be profitable for them."

So far interest in Saxo Prime has been encouraging, particularly from the UK and Singapore, despite the financial climate. "I think there are a lot of people who used to work in the big banks that have done stuff like this for many years" Kaaber says. "They are leaving the banks and setting up hedge funds – there are probably more now than there used to be."

By the first quarter of next year, Kaaber is confident that they will be offering a full suite of services, including marketing, funding and back end support. "The solution is being built on all the time" he says.

Saxo Bank launched in 1993 in Denmark as a brokerage, advanced to a broker dealer in 1996 and to a fully licenced bank in 2001. After that step, the bank has grown every year. It may have started with an FX background, and launched an FX platform in 1995......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. People - Kuwait wealth fund head Al Saad said to step down after 14 years[more]

    From Bloomberg.com: Kuwait Investment Authority is set to name Farouk Bastaki as managing director, replacing Bader Al Saad who ran the world's fifth-largest sovereign wealth fund for 14 years, a person familiar with the matter said. The KIA, as the fund is known, is finalizing the appointment, said

  2. Manager Profile - Eddie Lampert: a painful entanglement with Sears[more]

    From Moneyweek.com: "In the long run we are all dead." Lex in the Financial Times reached for the famous quote from John Maynard Keynes in January when, after a long and unforgiving decline, the clock finally appeared to be running out on Sears, the iconic US department store group. Yet the group's

  3. Investing - Hedge funds quit Aberdeen shorts as shares begin to recover, Hedge funds' next big short: U.S. malls, O'Connor fund owns 9.5% of Protalix Biotherapeutics, U.S. hedge fund takes position in Macau hotel The 13[more]

    Hedge funds quit Aberdeen shorts as shares begin to recover From Investmentweek.co.uk: The last two hedge funds to short Aberdeen Asset Management have removed their positions, as the fund group's shares begin to show signs of recovery after a difficult few years. According to the Financ

  4. Latin America, high yields and Asia Pacific strategies dominate hedge fund returns in January[more]

    Komfie Manalo, Opalesque Asia: Latin America (+7.04%), high yield (5.63%), and Asia-Pacific (+5.06%) strategies dominated hedge fund performance in January, data provider Hennesee Fund Research said. The bottom three strategies for the mont

  5. Investing - Hedge funds loading up on this dividend stock, The biggest hedge funds have been piling into bank stocks[more]

    Hedge funds loading up on this dividend stock From Incomeinvestors.com: Hedge funds are backing up the truck on Cameco Corp stock. Billionaire Jim Simons owns 389,000 shares. Other Wall Street titans - including Ray Dalio, Ken Griffin, and Chuck Royce - have been quietly building positio