The reverberations continue from last January's surprise SNB move to remove the EURCHF floor leading to a 20% surprise spike in the value of the Swiss Franc against most major currencies. Leading retail forex broker Saxo Bank has issued its 2015 Annual Report and released its 2015 results, which saw the bank report a 29% drop in…
Read moreWealth managers see the role of technology for maintaining a competitive edge as vital, according to a research conducted by Saxo Markets, the Institutional Division of Saxo Bank, and provider of research services for wealth managers Compeer. The survey shows that 71% of respondents believe the superior technology of competitors is a threat to attracting…
Read moreRetail forex broker Saxo Bank has taken a big step in growing its presence in mainland China, several months after the Copenhagen-based company first established an office in Shanghai. Saxo Bank announced today a tri-party agreement with Wallstreet CN and LeanWork. The users of Wallstreet CN, one of the most popular financial content providers in Greater China, will…
Read moreSaxo Payments, a global transactions services provider which is a part of Saxo Bank, has entered into a new partnership with currency broker and international payments solution provider FC Exchange. Under the terms of the new agreement, the Saxo Payments Banking Circle will help FC Exchange deliver sophisticated solutions to its clients. FC Exchange provides…
Read moreMulti-asset trading and investment services provider Saxo Bank has announced the five most traded equities on the SaxoTraderGO platform for the first quarter of 2016. The ranking goes as follows: Facebook Inc (NASDAQ:FB) Apple Inc. (NASDAQ:AAPL) Amazon.com, Inc. (NASDAQ:AMZN) Vestas Wind Systems A/S (CPH:VWS) Alphabet Inc (NASDAQ:GOOG) Saxo Bank offers its clients access to 19,000 global…
Read moreOnline multi-asset trading and investment specialist Saxo Bank and Fidelity Asia Bank (Fab), a subsidiary of Fidelity Bank Ghana, today announce a white label partnership. Through this collaboration, Fab is leveraging on Saxo Bank’s sophisticated trading platform to launch FabTraderGo, which will offer a seamless multi-asset trading experience for Fab investors. FabTraderGo is accessible on a…
Read moreMulti-asset trading and investment services provider Saxo Bank has just published its key operating metrics for March 2016, with Forex volumes showing a slight drop in monthly terms, whereas client deposits marked a rise. Saxo Bank's monthly trading volumes for March 2016 amounted to $254 billion, down 1.9% from the result of $259 billion registered in…
Read moreSaxo Payments, a subsidiary that Saxo Bank established in 2013, today made available a white paper, entitled “Cross Border B2B Payments – Today’s landscape; Tomorrow’s opportunity”. The document states that 63% of payments-related businesses are dissatisfied with the speed of cross border payments, and only 38% believe they get a competitive FX rate. The paper is…
Read moreMulti-asset trading and investment services provider Saxo Bank, staying committed to its sponsorship of Formula One racing driver Romain Grosjean, has launched a contest for Trading Strategies. Traders can tweet their strategies, getting a chance to win a EUR 700 travel gift card. The contest is open to individuals, who are 18 years of age…
Read moreMulti-asset trading and investment services provider Saxo Bank has recently expanded its product offering via the addition of weekly options on VIX (VIX Weeklys). The main purpose of the new instrument is to provide traders with the opportunity to trade on the short term instead of only monthly or longer dated options. VIX Weeklys can be…
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