Citi White-Labels Saxo Platform
"There might be a relatively large hedge fund that trades infrequently and doesn't want to set up a credit line for relatively rare trades," explains Sanjay Madgavkar, global head of FX margin trading with Citi. "That may be a hedge fund that is larger but not a frequent trader and may find this attractive," he adds.
The new offering will be hosted by Saxo, but the bulk of the liquidity, along with the margin requirements, will be provided by Citi, say Citi officials.
"You could say the liquidity
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