LeapRate Exclusive... The revolving door which has seen senior management members of Saxo Bank both come and go over the past few months continues to swing.... LeapRate has learned that the latest member of senior management to depart Saxo Bank is Claus Nielsen, one of the longest tenured employees at the Copenhagen based Retail FX…
Read moreCopenhagen based Forex and multi asset broker Saxo Bank today announced that Vitali Butbaev will rejoin Saxo Bank in the role as CEO of Central and Eastern Europe. Vitali Butbaev has worked with Saxo Bank for 13 years in previous roles. Vitali Butbaev will report directly to Damian Bunce, CCO of Saxo Bank. In his…
Read moreCopenhagen based Forex and multi asset broker Saxo Bank today announced the appointment of Steve Weller as CEO of the MENA Region. Steve Weller will be based in Saxo Bank’s Dubai office and report directly to Damian Bunce, CCO of Saxo Bank. In his new role, Weller will assume the overall responsibility to grow and…
Read moreFor the second month in a row, it looks like Forex and multi-asset trading volumes have fallen by more than 20% at Copenhagen based Retail FX broker Saxo Bank. After reporting record volumes in February, total volumes fell by 23% in March and now again by another 21% in April at Saxo Bank. For April,…
Read moreLeapRate Exclusive... LeapRate has learned that Saxo Capital Markets UK Ltd has seen the resignation of the company's Head of Legal and Compliance, Andrew Stylianou. Saxo Capital Markets UK is the London-based FCA regulated subsidiary of Copenhagen based Retail FX broker Saxo Bank A/S. Saxo UK recently hired former ETX Capital executive Andrew Edwards as its new…
Read moreMicrosoft Corporation (NASDAQ:MSFT) and Copenhagen based Forex and multi asset broker Saxo Bank have today announced a strategic partnership with the aim of running Saxo Bank’s entire technology stack on the Microsoft Cloud. The companies said that financial services are at a transformational tipping point. It is key for financial organizations to harness data and cloud…
Read moreCopenhagen based Forex and multi asset broker Saxo Bank has today published its quarterly outlook for global markets and key trading ideas for Q2 2018. The complete text of the announcement can be seen below: Focus of the report is how we are nearing the end of the largest monetary policy experiment of all time…
Read moreCopenhagen based Forex and multi asset broker Saxo Bank is continuing to reshape its operations following a recently approved takeover of the company by China's Geely Group. Saxo Bank has been actively selling and jettisoning operations in certain areas (including its home Denmark market), and moving more resources and personnel into China and the Far…
Read moreSaxo Bank has announced that the Denmark financial regulator FSA has approved the transaction which will see China's Geely Group take control of the Copenhagen based online trading services provider. The transaction, first announced in October 2017, saw China’s Geely and Finland’s Sampo take control of Saxo Bank, buying out TPG Capital and SinarMas in…
Read moreAfter a torrid start to the year including record trading volumes across nearly all its product categories in February, Copenhagen based online broker Saxo Bank has reported that March volumes cooled off somewhat, with declines in all areas. In February, Saxo reported an astounding total trading volume of $612.1 billion – the best volumes result we’ve ever…
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