Denmark-based online FX portal, Saxo Bank, has entered a marketing alliance with Pronet Analytics.com 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.