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Danske Bank Launches New Proprietary FX Platform

Danske Bank’s newest trading architecture newest platform focuses on the tier-2banks that require advanced FX trading platforms to compete in their marketplace, against multiple dealer portraits and against tier-1 banks.

It is reported that Danske Bank has released its latest trading platform, One Trader, for corporate and institutional clients trading in currency derivatives. The new platform offers users a number of key functionality, including pricing, trade execution, research and analytics.

The platform replaces the bank’s single dealer platform (SDP), Danske Trader, which was launched in 2006.

One Trader is the bank’s main FX derivatives portal, the bank also offers two additional multi-asset solutions, Pro Trader and Markets online. One Trader incorporates a number of features that are commonly available on SDPs and it offers full pre and post-trade reporting, a recent necessity post regulatory reforms under Dodd-Frank and MiFID II.

Danske Bank is one of the largest providers in Scandinavia and is the largest bank in Denmark. Scandinavian currency pairs are commonly traded by global FX traders, data from the last BIS Survey shows that the Swedish kroner is the most liquid pair among Scandinavian currencies traded internationally, sitting in the 11th position in the world’s top traded FX pairs, followed by the Norwegian kroner in the 14th position and the Danish kroner in the 21st place.

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