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Follow on Google News | Saxo Bank acquires 25% stake in broker solutions provider LeverateSaxo Bank has announced the acquisition of a 25% stake in Leverate, a broker solutions provider, enabling Saxo Bank to provide banks and brokers with an array of non-proprietary trading services.
By: Saxo Bank Through this acquisition, Saxo Bank and Leverate will continue to enhance their offerings towards institutional segments and retail brokers by adding new trading functionalities. Leverate's complete solution provides brokers with the services needed to increase their conversions, trading volume and risk management capabilities by offering products integrated to the MT4 and other proprietary platforms. Since its release in 2005, MetaTrader has established itself as one of the most popular non-proprietary Forex (http://www.saxobank.com/ Stig Pastwa, Chief Commercial Officer of Saxo Bank, commented on the acquisition: In a joint statement, the co-CEOs of Leverate, Ran Strauss and Doron Cohen commented: "Leverate had been approached on multiple occasions by other private equity funds eager to enter into a business relationship, but when we met Saxo Bank, we felt we had encountered the perfect partner. Leverate will continue to provide innovative and comprehensive proprietary solutions for the FX market, and we are proud to be working together with Saxo Bank. Time and time again, Saxo Bank has been recognised as a leading force in the FX industry, and together we plan to continue Leverate's R&D efforts in the area of technology solutions and related services for brokers and financial institutions. About Leverate Leverate offers cutting-edge solutions powered by breakthrough technology. Market players receive sophisticated trading tools and services such as the full Private Label solution, including the Liquidity Bridge, live feeds and web & mobile applications. Dozens of brokers around the world rely on Leverate’s solutions and services to increase trading volumes, achieve maximum precision and accuracy with market feeds and prevent fraud. In line with its commitment to its growing customer base, Leverate continues to develop new solutions and innovative technologies that address evolving market trends and generate better value for their customers. About Saxo Bank Saxo Bank is a leading online trading and investment specialist. The three specialised and fully integrated trading platforms; the browser-based SaxoWebTrader, the downloadable SaxoTrader and the SaxoMobileTrader application are available in over 20 languages. Saxo Asset Management accommodates high-net worth private clients and institutional investors. In 2011 Saxo Bank continued the diversification of its business and launched Saxo Privatbank. The Saxo Bank Group is headquartered in Copenhagen with offices throughout Europe, Asia, Middle East and Australia. PR Contact: Kasper Elbjorn Head of Group Public Relations Saxo Bank 40 Bank Street Canary Wharf London E14 5DA +45 3065 4300 www.saxobank.com End
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