The Danish bank said its new service will offer retail and institutional investors more transparent and efficient access to fixed income trading opportunities.

Saxo Bank is launching a digital trading service for corporate and government bonds.

The bank will offer its clients access to trading opportunities in over 5,000 investment grade and high yield corporate and government bonds from all over the world and in 20 currencies. The service will be rolled out in October on SaxoTraderGO, the bank’s multi-asset trading platform.

Each bond order will be directed to an optimised dealer auction, which comprises up to 40 of largest bond liquidity providers. Saxo said trades will be done within seconds clients will benefit from cost savings given the competitive nature of the multi-dealer environment. it expects to offer, on average, a price improvement of 30 basis points for corporate bonds and 5-10 basis points for government bonds.

“Investors need to ask themselves if they want to continue to trade based on an indicative price from a single bank or if they want to get the best price available from more than 40 global bonds providers, including some of the largest global banks,” said Kim Fournais chief executive and co-founder of Saxo Bank.

“Enabling our clients to trade bonds much more efficiently is an extension of our mission and history of democratizing investment and trading and levelling the playing field between institutions and retail investors when it comes to accessing financial market.”