LeapRate has learned that retail forex broker Saxo Bank has hired Ben Smoker away from rival Gain Capital Holdings Inc (NYSE:GCAP) to act as CEO of its ASIC regulated subsidiary in Australia, Saxo Capital Markets (Australia) Pty Ltd. Ben Smoker has been Country Head of Gain Capital Australia for the past three-plus years. He was previously in…
Read moreRetail forex broker Saxo Bank has today announced that Chief Economist Steen Jakobsen will join Theo Papathanasiou as co-head of Global Sales Trading. In conjunction with his new duties, Steen Jakobsen will remain Saxo Bank’s Chief Economist and CIO. The new setup is aimed at enhancing the delivery of SaxoStrats, Saxo’s real time global market…
Read moreRetail forex broker Saxo Bank has today announced that Chief Economist Steen Jakobsen will join Theo Papathanasiou as co-head of Global Sales Trading. In conjunction with his new duties, Steen Jakobsen will remain Saxo Bank’s Chief Economist and CIO. The new setup is aimed at enhancing the delivery of SaxoStrats, Saxo’s real time global market…
Read moreApril was a solid month for multi-asset trading and investment services provider Saxo Bank, as exhibited by their key monthly operating metrics reported earlier today. The company saw trading volumes grow in both monthly and annual terms, whereas client deposits kept rising, continuing a trend witnessed in March 2016. Saxo Bank's monthly trading volumes hit $260…
Read moreTo mark SaxoTraderGO's 1st anniversary, Saxo Bank has decided to share some of the stats the HTML5 platform has seen and achieved over the past 12 months.
Read moreMulti-asset investment and trading services provider Saxo Bank keeps enhancing its innovative trading platform SaxoTraderGO, with the latest improvements concerning better navigation and organization of the trading environment. Let's examine the novelties: Sorting on columns Traders can now sort by most columns in the Watchlist, Positions List and Orders List by clicking on the column header.…
Read moreJohn Hardy, Head of FX Strategy at Saxo Bank, takes a look at today's steep drop in the Australian Dollar and the day's other key events and indicators. More of John's research can be seen at Saxo Bank's TradingFloor.com. [divide] The Aussie was ripped for steep losses overnight on a weak CPI print that gapped…
Read moreRetail forex broker Saxo Bank has continued the build-out of its management team, with the hiring of Jeff Zorek as Chief Operating Officer (COO) of Global Sales. Zorek will be based in London and will report to Matteo Cassina, Global Head of Sales at Saxo Bank. In this newly created role, Zorek will be responsible for…
Read moreSaxo Bank today announced it will be reducing margin requirements across its FX trading offering of FX Spot, FX Forwards and FX Options. With margin rates starting as low as 1%, you can now trade major FX currency pairs with up to 100:1 leverage, and its new simple FX Tiered Margin structure makes margin requirements clear on every…
Read moreThe following guest post is courtesy of Neil Browning, Head of FX Sales at Saxo Bank. [divide] Volatility is on the rise in the foreign exchange market and remains a classic trader’s conundrum. It’s well documented that when combined with liquidity, volatility creates opportunities across FX, but in periods of excess volatility, for example following…
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