SAXO BANK SAXO DIRECT - TAILORED API SOLUTIONS

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1 SAXO BANK SAXO DIRECT - TAILORED API SOLUTIONS

3 INTRODUCTION Over the last decade Saxo Bank has successfully combined forces with hundreds of financial institutions who have leveraged the Bank s leading market presence, top tier liquidity sources and industry know-how. Saxo Bank functions as a financial facilitator. By aggregating liquidity, offering access to exchanges around the world and providing a powerful suite of products through award-winning trading platforms, Saxo Bank helps private and institutional clients take full advantage of the online investment market. Saxo Bank s latest offering - Saxo Direct - is the Bank s API solution tailored to retail brokers, hedge funds and asset managers. Saxo Direct combines the Bank s long standing experience in multi asset trading with custom-engineered solutions that deliver sharp liquidity at maximum speed, transparency and reliability. This publication presents the core building blocks of Saxo Direct. For more insight into the online trading offering please contact Saxo Bank. SAXO DIRECT - TAILORED API SOLUTIONS - 1

4 2 - SAXO DIRECT - TAILORED API SOLUTIONS SAXO BANK S HEADQUARTERS, COPENHAGEN, DENMARK

5 CONTENTS [1] PAGE 5 [Saxo Bank in brief] [2] PAGE 11 [Saxo Direct - tailored API solutions] [3] PAGE 17 [Product universe] SAXO DIRECT - TAILORED API SOLUTIONS - 3

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7 [1] [Saxo Bank in brief] SAXO DIRECT - TAILORED API SOLUTIONS - 5

8 1. SAXO BANK IN BRIEF Established in 1992 and headquartered in Copenhagen, Saxo Bank is a fully licensed and regulated European bank specialised in trading and investment. Since receiving European bank status in June 2001, Saxo Bank has positioned itself as a leading player in online trading thanks to its superior client service, competitive pricing and its focus on developing industry-leading trading platforms. The Bank provides a wide range of products, services and platforms, giving private clients, professional asset managers and financial institutions instant and reliable access to financial markets. Since 2006, Saxo Bank s geographical footprint has expanded rapidly and today, in addition to its headquarters in Denmark, the Bank is present in 20 countries, covering the world s major financial centres including London, Zurich, Dubai, Singapore and Hong Kong. With a client base spanning 180 countries, Saxo Bank will continue to open new offices with a view to improving client sales and service. Our trading platforms Saxo Bank s clients have access to three specialised trading platforms: the browser-based SaxoWebTrader, the downloadable SaxoTrader and the SaxoMobileTrader. All platforms are fully integrated under each client account. In recognition of the quality of the platforms and products, Saxo Bank has received many awards from leading industry publications, such as Euromoney and FX Week. Saxo Bank provides its client base with online trading of over 160 FX crosses (including gold and silver), more than 7,300 CFDs, 14,000 Stocks, Futures, ETFs and FX Options as well as portfolio and fund management solutions. Saxo Bank supports offline trading in bonds through direct telephone and online access to specialist dealers. Meeting the needs of institutional clients Saxo Bank has over 10 years of experience in supporting financial services companies by helping them enter and grow their business in the fast growing market of online trading. Depending on the company profile, legal status and client base Saxo Bank offers different types of solutions. Saxo Bank s Money Manager concept provides separately managed account (SMA) for asset managers with the technology and market access to capital markets products. The offering s back-office and comprehensive reporting and monitoring tools make client management and administration easy for the Money Managers. Backed by a strong online trading solution, more than 100 banks and brokers use Saxo Bank to provide their clients direct access to financial markets and products at competitive and transparent rates. Saxo Bank s White Label Solution is a complete retail online trading package including a custombranded edition of our trading platform that is tailored and configured to suit specific needs of Retail Banks, Specialised Brokerages, Wholesale and Private Banks. Many private banks and financial institutions also choose Saxo Bank s multi-product online trading platform for their own direct access to global capital markets. A broadening portfolio of services In recent years, Saxo Bank s strategic direction has focused on broadening and diversifying its product and service offerings to reach a more diverse client audience. However, the core element of the bank s business focus remains its trading technology that brings professional trading functionality to clients across all segments. Corporate ownership The majority of Saxo Bank A/S shares are held jointly by the two founders Kim Fournais and Lars Seier Christensen. Another major shareholder is TPG Capital, one of the world s leading investment firms. The remaining shares are held by a number of minority shareholders. Awards and recognitions Throughout the years Saxo Bank has received a number of awards. Most recently Saxo Bank won two of the World Finance Foreign Exchange Awards The World Finance awards recognised Saxo Bank s ongoing investment in technology and forward-thinking approach which have led to the success of the business and wide acknowledgement in the industry. Saxo Bank s FIX API solution empowers professional traders and selected clients to manage their own trading while making use of the Bank s liquidity, technology and resources. 6 - SAXO DIRECT - TAILORED API SOLUTIONS

9 MILESTONES 2012 Saxo Bank opens offices in Hong Kong and Panama, South Africa, Belgium, Russia and Cyprus. The geographical expansion is expected to continue and potential locations around the world are in the process of being evaluated. Saxo Bank is named Best Forex Broker in Northern Europe, and Best White Label Solution Provider in the World Finance Foreign Exchange Awards Saxo Bank also won Best Liquidity Distribution System' at the FX Week e-fx Awards Saxo Bank won two awards at the World Finance Foreign Exchange Awards 2012: Best White Label Solution Provider and Best Mobile Trading Platform. SAXO DIRECT - TAILORED API SOLUTIONS - 7

10 KEY FIGURES AND RATIOS SAXO BANK GROUP (EUR millions)* Operating income Profit before tax Net profit Total equity Total assets 3, , , , ,344.7 Clients collateral deposits 4, , , , ,235.0 Assets under management 4, , , Solvency ratio (Pilar I) 14.5% 16.5% 19,0% 17,5% 18,2% Return before tax on Total equity 27.7% 35,0% 14,4% 37,3% 47,8% Average number of employees 1, *Converted from DKK using exchange rate at the close of OPERATING INCOME EUR MILLION SAXO DIRECT - TAILORED API SOLUTIONS

11 SAXO BANK WORLDWIDE NET PROFIT EUR MILLION SAXO DIRECT - TAILORED API SOLUTIONS - 9

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13 [2] [Saxo Direct - tailored API solutions] SAXO DIRECT - TAILORED API SOLUTIONS - 11

14 2. TAILORED API SOLUTIONS Saxo Direct is Saxo Bank s institutional product offering targeted at clients aiming to connect with Saxo Bank through our API connection. Saxo Bank currently aggregates foreign exchange liquidity into one advanced BBO (Best Bid Offer stack). This gives us the ability to offer competitive spreads and depth of liquidity to our institutional clients. Furthermore, Saxo Bank has seen an increase in other asset class volumes, primarily through CFD s. Therefore, we have invested to provide these products through the API as well: CFDs on commodities and indices (OTC) CFD DMA Futures Stocks We offer a cost efficient solution based on SSL VPN and FIX Protocol with testing and implementation completed as quickly as 3-4 weeks. MAIN BENEFITS OF SAXO DIRECT MULTI ASSET API Through a single API, clients have the ability to trade FX, Metals, CFDs (Indices and Commodities), Equities and Futures. HIGH TOUCH SERVICES Dedicated client onboarding, operated by teams in Europe and Singapore, ensure seamless transition from simulation to go-live. Our liquidity services team continually monitor trade execution and adjust the necessary liquidity parameters to ensure execution and pricing remain optimal. SPEED OF EXECUTION The Bank s Forex offering won Best Speed of Execution in Euromoney s annual FX survey COMPETITIVE PRICING Saxo Bank s liquidity is competitively priced and during US and early Asian hours we are amongst the most competitive in the industry. BESPOKE CLIENT LIQUIDITY Saxo Bank designs dedicated liquidity that is most appropriate to the client s needs. Saxo Bank can tailor single or multiple bands according to the desired depth of liquidity. The below highlights Saxo Direct s product breadth and depth. ASSET CLASS INSTRUMENTS QUOTED SESSION TRADE AND ORDER SESSION FX spot (BB0) CFD 70+ crosses incl. Gold & Silver, rest via RFQ 21 Market Made CFD Stock Indices 21 Market Made CFD Commodities Streaming pricing Single and/or multi bands Streaming pricing* Single bands Trade on quote Market, limit, stop and related orders Market orders Limit and stop orders CFD DMA >14,000 Single stocks N/A Order routing session Market orders Limit and stop orders Stocks 14,800 on 29 exchanges N/A Order routing session Market orders Limit and stop orders Futures 140 Contracts on 18 exchanges N/A Order routing session Market orders Limit and stop orders ETFs / ETCs 1,672 / 169 N/A Order routing session Market orders Limit and stop orders 12 - SAXO DIRECT - TAILORED API SOLUTIONS *No trading on quotes only orders.

CLIENT SOLUTIONS Saxo Direct delivers the Bank s proprietary multiple product liquidity efficiently and securely to external trading client systems.

CLIENT API API WITH DEDICATED LIQUIDITY CHANNELS TECHNOLOGY PROVIDER TARGET AUDIENCE KEY CHARACTERISTICS Retail brokers/aggregators Asset Managers Hedge Funds Simplest setup with a single dedicated

15 CLIENT SOLUTIONS Saxo Direct delivers the Bank s proprietary multiple product liquidity efficiently and securely to external trading client systems. Our API communicates with the client s own FIX trading engine and order Management System, as illustrated below: Saxo Bank currently assists clients with three primary structured solutions: DIRECT CLIENT API API WITH DEDICATED LIQUIDITY CHANNELS TECHNOLOGY PROVIDER TARGET AUDIENCE KEY CHARACTERISTICS Retail brokers/aggregators Asset Managers Hedge Funds Simplest setup with a single dedicated liquidity stream for client trading/hedging Retail brokers/aggregators Dedicated individual liquidity channels for each sub-client limiting single client channel rejection Technical facilitators Provides end-to-end client onboarding, trading and broker services TRADE EXECUTION Market orders are filled at-best with clients receiving BOTH positive and negative slippage. During rare significant price jumps, FX trade requests on published quotes are rejected equally and symmetrically BOTH when price moves in favor of the Bank and in favor of the client. No last-look holding periods. To ensure best execution, large orders at illiquid times and trades in excess of band allocation can be serviced by our professional trading desks. SAXO DIRECT - TAILORED API SOLUTIONS - 13

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17 REPORTING Trade reporting is supported through three main channels: CHANNEL 1 END OF DAY FILES Flat/text files sampling all parameters of trading/account activity during the previous 24 trading hours. The CSV/XML is ideal for importing into an SQL database where it can be processed and update back office systems etc. Saxo Bank can help identify the required reports specifically relevant for CFDs and FX trading. CHANNEL 2 ONLINE WEBCONNECT The Online WebConnect tool is a full-service, back-office suite, including account management, activity logs, risk management and access to client s individual margin and trading. The platform s omnibus account management structure gives a comprehensive, searchable overview of clients accounts, individual trade activity, commission accounts and service issues. CHANNEL 3 TRADE EVENT NOTIFICATIONS (TENS) Real-time notifications per trade event (client order placed, booked, funds transferred, margin calls) may also be provided by different means (FIX, ). ONBOARDING AND SERVICES Dedicated trading and onboarding services working across three time zones 24/5 ensure prompt and timely delivery of: Trading services and assistance IT business surveillance, intelligence and monitoring All technical support is managed out of both Copenhagen and Singapore. SAXO DIRECT - TAILORED API SOLUTIONS - 15

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19 [3] [Product universe] SAXO DIRECT - TAILORED API SOLUTIONS - 17

20 3 PRODUCT UNIVERSE FX SPOT MAJORS AUDJPY AUDUSD EURAUD EURCAD USDCHF EURGBP EURJPY EURUSD GBPAUD GBPCHF GBPJPY GBPUSD NZDUSD USDCAD USDCHF USDJPY PRIMARY CROSSES AUDCAD AUDCHF AUDNZD CADCHF CADJPY CHFJPY EURNZD EURSGD EURTRY GBPCAD GBPNZD GBPSGD NZDCAD NZDCHF NZDJPY SGDJPY USDHKD USDSGD USDTRY SCANDIES CHFNOK CHFSEK EURDKK EURNOK EURSEK USDDKK USDNOK USDSEK EMERGING CHFPLN EURCZK EURHUF EURMXN EURPLN EURRON EURZAR GBPPLN TRYJPY USDCNH USDCZK USDHUF USDILS USDMXN USDPLN USDRON USDRUB USDZAR ZARJPY SPOT METALS XAUUSD XAGUSD 18 - SAXO DIRECT - TAILORED API SOLUTIONS

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22 CFD COMMODITIES COCOANY NY Cocoa LIVECATTLE Live Cattle COFFEENY NY Coffee NATGASUS US Natural Gas COPPERUS US Copper OILUS US Crude CORN Corn ORANGEJUICE Orange Juice EMISSIONS Emissions PALLADIUM Palladium GASOILUK UK Gas Oil PLATINUM Platinum GASOLINEUS Gasoline US SILVER Silver GOLD Gold SOYBEANS Soybeans HEATINGOIL Heating Oil SUGARNY NY Sugar No. 11 OILUK UK Crude WHEAT Wheat 20 - SAXO DIRECT - TAILORED API SOLUTIONS

23 CFD FUTURES AND INDICES AEX.I Netherlands 25 MDAX.I Germany Mid-Cap 50 ASXSP200.I Australia 200 NAS100.I US Tech. 100 NAS BELG20.I Belgium 20 NI225.I Japan 225 CAC40.I France 40 NOR25.I Norway 25 DAX.I Germany 30 RUSSELL2000 Russell 2000 Mini Index DEN20.I Denmark 20 SMI.I Switzerland 20 DJI.I US 30 Wall Street SP500.I US SPX500 EUROBOBL Euro BOBL SPMIB.I Italy 40 EUROBTP Euro BTP STOXX50E.I EU Stocks 50 EUROBUND Euro Bund SWE30.I Sweden 30 EUROSCHATZ Euro Schatz TECDAX.I Germany Tech. 30 FTSE100 UK 100 USDINDEX US Dollar Index FTSE250.I UK Mid-Cap 250 VIX Volatility Index IBEX35.I Spain 35 SAXO DIRECT - TAILORED API SOLUTIONS - 21

24 EQUITIES (SINGLE STOCKS, DMA CFDS, ETF S & ETC S) Netherlands Euronext Amsterdam EURONEXT Germany Frankfurt Stock Exchange_XETRA FSE Sweden OMX Nordic Stock Exchange_Stockholm OMX Spain Sistema De Interconexion Bursatil Espanol (BME Spanish) Stock Exchange SIBE Belgium Euronext Brussels EURONEXT Finland OMX Nordic Stock Exchange_Helsinki OMX Portugal Euronext Lisbon EURONEXT France Euronext Paris EURONEXT Denmark OMX Nordic Stock Exchange_Copenhagen OMX Canada Toronto Stock Exchange TSE TSX Venture Stock Exchange TSX UK London Stock Exchange LSE_SETS London International Order Book LSE Norway Oslo Stock Exchange OSE US NASDAQ Capital Market NASDAQ American Stock Exchange AMEX New York Stock Exchange NYSE NASDAQ Global market NASDAQ NYSE Arca Stock Exchange NYSE OTC Bulletin Board on NASDAQ OOTC & OTCBB Austria Wiener Börse (Vienna) Stock Exchange VIE Switzerland South Africa Swiss Exchange SWX Swiss Europe Exchange VX Johannesburg Stock Exchange JSE Australia Hong Kong Japan Australian Stock Exchange ASX Hong Kong Stock Exchange HKEX Tokyo Stock Exchange TYO Italy Milano Stock Exchange MIL Poland Warsaw Stock Exchange WSE Singapore Singapore Exchange Securities Trading Limited SGX-ST 22 - SAXO DIRECT - TAILORED API SOLUTIONS

25 FUTURES AND AVAILABLE EXCHANGES Australian Securities Exchange (Former named SFE) Sydney, Australia Mercado oficial de futuros y opciones financieros en España Madrid, España Italian Exchange Milan, Italy National Association of Securities Dealers Automated Quotation Copenhagen, Stockholm, Helsinki Chicago Mercantile Exchange CME, CBOT, NYMEX, COMEX New York Stock Exchange London, Paris, amsterdam, Brussels European Exchange AG Zürich, Switzerland Singapore Exchange (Former named SIMEX) Singapore, Singapore Hong Kong Stock Exchange Hong Kong, China Tokyo Stock Exchange Tokyo, Japan Intercontinental Exchange ICE US (NYBOT), ICE EUROPE (IPE) SAXO DIRECT - TAILORED API SOLUTIONS - 23

26 SAXO BANK INTERNATIONAL PRESENCE AMSTERDAM SAXO BANK A/S NEDERLAND WTC AMSTERDAM B-TOWER 15TH FLOOR STRAWINSKYLAAN XW AMSTERDAM PHONE: FAX: WEB: ATHENS SAXO BANK A/S HELLAS 4 VASILISSIS SOFIAS AVENUE ATHENS, GREECE PHONE: FAX: GREEKDESK@SAXOBANK.COM BRUSSELS SAXO BANK BELGIUM REPRESENTATIVE OFFICE AVENUE LOUISE BRUSSELS, BELGIUM PHONE: CONSEILLER@SAXOBANK.BE ADVISEUR@SAXOBANK.BE COPENHAGEN SAXO BANK A/S PHILIP HEYMANS ALLÉ HELLERUP DENMARK PHONE: FAX: REG. NO CVR. NO WEB: INSTITUTIONAL@SAXOBANK.COM DUBAI SAXO BANK (DUBAI) LTD. CURRENCY HOUSE, 1ST FLOOR DIFC PO BOX DUBAI, UAE PHONE: FAX: DUBAI@SAXOBANK.COM HONG KONG SAXO CAPITAL MARKETS HK LIMITED SUITE F TWO EXCHANGE SQUARE 8 CONNAUGHT PLACE CENTRAL HONG KONG PHONE: FAX: INFO@SAXOMARKETS.COM.HK JOHANNESBURG SAXO CAPITAL MARKETS THE PLACE, 1 SANDTON DRIVE SOUTH WING, SANDTON, 2146 JOHANNESBURG, SOUTH AFRICA PHONE: FAX: LIMASSOL SAXO BANK A/S CYPRUS AGIAS FYLAXEOS 1, 1ST FLOOR 3025 LIMASSOL CYPRUS PHONE: FAX: WEB: SAXOBANK.COM CYPRUSDESK@SAXOBANK.COM LONDON SAXO CAPITAL MARKETS UK LTD 40 BANK STREET, LEVEL 26 CANARY WHARF LONDON E14 5DA UNITED KINGDOM PHONE: FAX: WEB: UK.SAXOMARKETS.COM INSTITUTIONAL@SAXOMARKETS.COM MADRID SAXO BANK A/S SUCURSAL EN ESPAÑA SERRANO 32, 2E MADRID PHONE: FAX: WEB: FOMAD@SAXOBANK.COM MILAN SAXO BANK A/S ITALIA CORSO MONFORTE MILANO ITALY PHONE: FAX: WEB: ITALIANDESK@SAXOBANK.COM MOSCOW SAXO BANK A/S MOSCOW REPRESENTATIVE OFFICE FUSION PARK MOSCOW , RUSSIA PHONE: FAX: WEB: SAXOBANK.RU INFORU@SAXOBANK.COM PANAMA SAXO CAPITAL MARKETS PANAMA SA TORRES DE LAS AMERICAS, PISO 29, TORRE C, SUITE WTC - PUNTA PACIFICA CIUDAD DE PANAMA, PANAMA PHONE: FAX: PARIS SAXO BANQUE FRANCE SARL 10 RUE DE LA PAIX PARIS FRANCE PHONE: FAX: WEB: CONSEILLER@SAXOBANQUE.FR PRAGUE SAXO BANK A/S PRAGUE BETLÉMSKÝ PALÁC HUSOVA 5 PRAHA 1, CZECH REPUBLIC PHONE: FAX: WEB: INFOCZ@SAXOBANK.COM SINGAPORE SAXO CAPITAL MARKETS PTE. LTD. 3 CHURCH STREET LEVEL 30 SAMSUNG HUB SE SINGAPORE SINGAPORE PHONE: FAX: WEB: INFO@SAXOMARKETS.COM.SG ZURICH SAXO BANK (SCHWEIZ) AG RIETSTRASSE 41 POSTFACH 509 CH-8702 ZOLLIKON SWITZERLAND PHONE: FAX: WEB: CONTACT@SAXOBANK.CH SYDNEY SAXO CAPITAL MARKETS (AUSTRALIA) PTY. LTD., LEVEL 25, 2 PARK STREET SYDNEY, NSW 2000 AUSTRALIA PHONE: +61 (2) FAX: +61 (2) WEB: AU.SAXOMARKETS.COM ENQUIRIES@SAXOMARKETS.COM.AU TOKYO SAXO BANK JAPAN K.K. KAMIYACHO SANKEI BUILDING 10F AZABUDAI MINATO-KU TOKYO JAPAN OFFICE: FAX: WEB: INST@SAXOBANK.COM 24 - SAXO DIRECT - TAILORED API SOLUTIONS

28 05/ None of the information contained herein constitutes an offer (or solicitation of an offer) to buy or sell any currency, product or financial instrument, to make any investment, or to participate in any particular trading strategy. This material is produced for marketing and/or informational purposes only and Saxo Bank A/S and its owners, subsidiaries and affiliates whether acting directly or through branch offices make no representation or warranty, and assume no liability, for the accuracy or completeness of the information provided herein. Saxo Bank may change its Saxo Direct offering and the content of this catalogue without notice. The content of this catalogue shall not be relied up for any any contractual purposes. This disclaimer is subject to Saxo Bank s Full Disclaimer available at

Price list. Forex trading rates and conditions Contract for Difference (CFD) trading rates and conditions... 3

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