Yesterday's 25 basis point rate hike by the US Fed was not exactly a surprise, yet the Fed's move clearly wasn't fully baked into the currency markets. Since the rate move the benchmark EURUSD has dropped by nearly 2% from the 1.065 range to below 1.05. It now looks like we may be heading toward…
Read more
Retail forex broker eToro has announced a cooperation agreement with China’s largest internet finance company, Lufax Holding Ltd. The strategic partnership will introduce eToro to Lufax's overseas Chinese clients. LeapRate readers will recall that multi-asset online broker Saxo Bank announced a similar partnership with Lufax back in May. We understand that the Saxo Bank partnership is…
Read more
Continuing a parade of very strong volume reports from leading retail forex brokers around the world for the month of November, Copenhagen-based multi-asset broker Saxo Bank has reported another strong month with November volumes coming in at $344 billion, or average daily volumes of $15.6 billion. The $344 billion figure, up 29% MoM over October,…
Read more
One of the more interesting traditions in the forex world as we head toward the holiday season and year-end is Saxo Bank’s annual “Outrageous Predictions”. Not meant to be a real look into the crystal ball but rather food for thought, Saxo Bank takes a look at some wacky but still plausible scenarios for traders…
Read more
Global broker Saxo Bank and financial technology firm Phoenix Finance have just signed a MOU to form a white label partnership. The integration process will start in Q1 2017. The partnership will enable Phoenix Finance to integrate Saxo's investment and trading capabilities, directly into their own applications and systems and enhance its offering to clients.…
Read more
Italians have voted 'No' to constitutional reform, but it is hardly the sweeping rejection of Europe and the euro that many commentators have implied.
Read more
Global broker Saxo Bank just announced that it is launching a combination order ticket for all clients trading contract options. The combination order ticket will enable clients to deploy multi-legged option strategies by simultaneously placing orders to buy and/or sell different options from the same order ticket. Georgio Stoev, Futures and Listed Options Product Manager,…
Read more
Global broker Saxo Bank just announced they will use Fix8Pro as part of a new high performance market connectivity engine. Fix8 Market Tech, founded in 2013 also offers Fix8 – a free, open-source framework that developers can use to build FIX applications using any FIX version, utilizing built-in testing and performance-enhancing features. Saxo Bank Chief…
Read more
Copenhagen-based multi-asset broker Saxo Bank has reported another strong month, with October FX trading volumes coming in at $266 billion, flat month-over-month from September's $266 billion figure. Average daily volumes were actually slightly up over September, at $12.6 billion ADV versus $12.1 billion. September was Saxo Bank's best trading volumes month in nearly two years. Clients’…
Read more
The financial services corporation in the Arab World, EFG Hermes, has just signed a strategic partnership agreement with Copenhagen-based Multi Asset broker Saxo Bank. The move is said to be aimed at enabling full integration of Saxo Bank’s SaxoTraderGO platform with EFG Hermes’ new online trading platform, EFG Hermes One. The new platform will grant…
Read more