Saxo Bank signs partnership with Lufax
The partnership with the online marketplace, which has 21m registered users, is the bank's second in Greater China this year
Saxo Bank and Lufax, China's largest internet finance company, have struck a deal to create a new white-label partnership that will expand the bank's reach in the region.
The collaboration, which is expected to launch by the end of summer, will see Lufax's clients gain access to the Danish bank's trading platform, SaxoTraderGo, which offers complete functionality across the trade cycle, including pre-trade, execution and post-trade services.
The white-label partnership is the second of its kind
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