Saxo Bank introduces Pronet advisory service

Saxo Bank introduces Pronet advisory service

Denmark-based online FX portal, Saxo Bank, has entered a marketing alliance with Pronet to offer retail clients a co-branded advisory service for foreign exchange transactions.

The Pronet Service provides a single framework within which to compare and evaluate spot FX as well as interest rate and other exchange-traded derivatives.

Under the agreement, for an initial period Saxo Bank will meet the subscription fee cost on behalf of any Pronet customers who choose to open a Saxo Bank trading account above a minimum nominal value. Existing Saxo Bank clients who are not Pronet subscribers will be invited to try out, and then subscribe to the service, with resulting income subject to a revenue sharing agreement.

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