Saxo Bank launches aggregated FX Spot positions visual tool
Saxo Bank has just released a new tool allowing anyone to see the aggregated positions of its clients across 10
Saxo Bank has just released a new tool allowing anyone to see the aggregated positions of its clients across 10 forex currency pairs. The tool shows the relative size of position by USD value held by Saxo Bank clients in a selection of currency pairs, and the relative proportion of longs versus shorts by currency pair. It also shows aggregated positions at certain pip levels which may help clients learn of support and resistance positions. Tool also shows simple charts of those currency pairs.
Saxo Bank was the first to publish FX Options OTC market and client position data back in May 2011.
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This info is very valuable in the right hands. No doubt Saxo has been able to run risk off this info internally for years. How are they monetizing this? Maybe allow for all to see for a time period, then cut off access for all except paying customers. Anyone else know how Saxo monetizes this?
Not that unique – oanda has something like this since forever..
can you point out where to find the info from Oanda?
They are PAMMs, where a manager’s trading is linked to a customer account. The main difference between PAMMs and Managed forex fraud is that the customer has control of the account and can log in and out to see that there is actually a deposit made with a broker and they can also cut off the account from being managed (although past performance is no indicator of future results)
Also, there are currency funds being managed by financial institutions (but one can expect much smaller gains), who provide audited reports of net client holdings.
They are PAMMs, where a manager’s trading is linked to a customer account. The main difference between PAMMs and Managed forex fraud is that the customer has control of the account and can log in and out to see that there is actually a deposit made with a broker and they can also cut off the account from being managed (although past performance is no indicator of future results)
Also, there are currency funds being managed by financial institutions (but one can expect much smaller gains), who provide audited reports of net client holdings.
Stephen:
http://fxtrade.oanda.com/analysis/open-position-ratios
click on a pair to see more details.
Just click on a specific pair, i.e.:
http://fxtrade.oanda.com/analysis/forex-order-book#EUR/USD
Thanks, Andy