Refco and Saxo Bank launch multi-product platform

21 Jul 2003

Brokerage giant Refco has teamed up with Copenhagen-based Saxo Bank to offer a common platform for futures, foreign exchange, CFDs and shares.

Under a reciprocal distribution agreement, Refco has become a white label partner of Saxo Bank, which operates a multi-product trading platform for fx and equity products. Refco customers will now have...

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“The fact is, an awful lot of people would be very happy for all business to be transacted over the counter. Transparency is good for the consumer, but privacy is better for the banks and the brokers. Wherever there’s a grey area, it’s possible to make money.”

European consultants predict frantic lobbying during the Mifid review.