Copenhagen based multi asset broker Saxo Bank has announced that it now offers clients access to trade the Ethereum Exchange Traded Notes (ETNs) issued by XBT Provider AB which were listed on Nasdaq OMX Stockholm stock exchange earlier this week. As previously announced, Saxo Bank also offers clients access to two Bitcoin Tracker ETNs also…
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Copenhagen based online brokerage provider Saxo Bank has reported steady but mixed overall trading volumes for September 2017, with FX trading up but Commodities and Equities somewhat weaker than in August. Overall, total multi-asset trading volumes at Saxo Bank were down 2% MoM in September, $342.6 billion versus $348.4 billion in August. We'd note that monthly volumes…
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It was quite the week in Forex Industry News at LeapRate. Forex broker results, new shareholder in a major FX broker, and a serious order latency issue at Deutsche Boerse unit Eurex unveiled only at LeapRate. Which Retail FX broker saw most of its independent directors resign, while posting a loss? Which FCA regulated FX…
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LeapRate Exclusive... LeapRate has learned that a new crypto currency copy trading company called Covesting.io has gone live, and is (already) trying to go public via an ICO, well before its prototype or full beta is available. To garner attention and credibility, the company's founders (more on them below) have issued a press release beginning…
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Saxo Bank has a new majority owner. The Copenhagen based multi asset online broker has announced that Finland's Sampo Oyj (HEL:SAMPO) is becoming a new shareholder in Saxo Bank, joining China's Geely Group which will now become Saxo Bank's largest (and controlling) shareholder. Geely and Sampo will jointly buy out the other two main outside shareholders…
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Banca Generali and Copenhagen based online brokerage provider Saxo Bank announced they have reached an agreement to establish an exclusive partnership to offer online trading and digital services. The objective is to offer clients, on an exclusive basis for the Italian market, access to an innovative platform for advanced trading, based on Saxo Bank’s technology…
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Together with Copenhagen Fintech Lab Saxo are opening the door to connect and foster relationships with Fintech startups on a global scale. In September Copenhagen based online brokerage provider Saxo Bank celebrates it 25 year anniversary and, after reporting a nice 4% increase in August trading volumes, the company just shared that has become a sponsor…
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Saxo Bank reports higher profits and client assets as digital transformation gathers momentum ahead of 25 year anniversary milestone Copenhagen based multi-asset broker Saxo Bank has reported a net profit of DKK 229 million for the first six months of 2017, an increase of 45% compared to the first half of 2016. Clients’ collateral deposits…
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Copenhagen based multi asset broker Saxo Bank has announced that it is raising margin requirements and reducing leverage on a variety of FX, CFD and Commodity products, as geopolitical tensions in the Asia Pacific region heat up in the wake of increased US-North Korea rhetoric. Margin requirements on major FX pairs involving the USD, EUR…
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In a month in which most retail and institutional eFX providers have reported slight to mild decreases in FX trading volumes, Copenhagen based Saxo Bank has disclosed a nice 3% increase in July FX volumes, to $249 billion, up from $242 billion in June. While forex trading was strong at Saxo Bank, the multi-asset broker…
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