Following a recent change-of-control at Saxo Bank, changes at both the management and board level continue. Copenhagen based multi asset brokerage group Saxo Bank A/S has announced that company chairman Lone Fønss Schrøder has decided to retire from the board of directors of the company. Vice chairman Henrik Normann (pictured above) will assume the position…
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Online broker Saxo Bank has reported its client metrics for the month of January, which saw the Copenhagen-based company have its best month ever with total trading volumes of $495.8 billion. Saxo's multi-asset strategy paid off handsomely in January, with client trading activity in all of its segments - FX, Equities, Commodities and Fixed Income…
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Saxo Bank will offer Contracts for Difference (CFDs) on EEX German Power Futures as of 1st March 2018 The European Energy Exchange (EEX), Saxo Bank and PZEM Energy have today announced a partnership to offer German Power CFDs (Contracts for Differences) on Saxo’s fully integrated trading and risk management platform, SaxoTraderGO. Saxo’s new German Power…
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Copenhagen based Saxo Bank's new ownership group is moving rapidly to reshape the company, with the latest move being a just-announced sale of one of its major units for USD $60 million, alongside a new partnership with the buyer. Saxo Bank announced this morning the sale of subsidiary Saxo Privatbank, a fully licensed retail bank with…
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Continuing a wave of recent senior level hirings and management changes, Copenhagen based multi-asset trading and investment firm Saxo Bank has announced the appointment of Ulrik Ross as Head of Group Treasury, effective March 1, 2018. In his new role Mr. Ross replaces former Head of Group Treasury Henrik Andersen, who decided to resign from his…
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Copenhagen based multi asset broker Saxo Bank has announced a new capability in its FX Prime offering, catering for institutional clients. Running on dedicated infrastructure through Saxo Bank’s DMA liquidity hubs in London and New York, full amount execution ensures a better trade experience and lower market impact for large orders in FX and precious metals.…
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In Forex Industry News this week... Which Binary Options platform provider in Israel had its offices raided by the FBI? Who was revealed as the $100 million investor in Retail FX broker IronFX? How did ESMA's updated proposals to regulate leveraged CFD trading differ from its initial statement last month? And, what did ESMA have…
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Copenhagen based multi asset broker Saxo Bank has announced the launch of a new entry level account, called Saxo Essential, with industry leading pricing and prudent risk limits on margin trading of OTC products. The introduction of Saxo Essential coincides with recent regulatory initiatives aimed at reducing the amount of leverage available to retail clients…
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Copenhagen based multi asset broker Saxo Bank has made another senior addition to its executive management team, announcing the appointment of Damian Bunce as the company's new Chief Client Officer (CCO). Mr. Bunce's appointment becomes effective February 19, 2018. He joins Saxo Bank’s executive team and will report directly to Kim Fournais, CEO and Founder.…
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Following a strong November which saw its most activity of the year, Copenhagen based multi asset broker Saxo Bank has reported that it ended 2017 with a somewhat slow month of December. December volumes totaled $289 billion at Saxo Bank, down 26% from November's $388 billion. FX volumes comprised 68% of the total in December…
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