... and the bank sees a great start to 2013. Saxo Bank, one of the world's leading retail FX brokerage firms (and a member of LeapRate's Approved List), reported its 2012 full year results yesterday. While founders and co-CEOs Lars Seier Christensen and Kim Fournais, who recently re-took over the top management roles at the company,…
Read moreFollows the acquisition last year by Saxo Bank of its Latin American white label partner. Those who follow our blog will know that, as we reported last October, Saxo Bank acquired its Montevideo, Uruguay-based white label partner NVN Securities. So it should come as no surprise that Saxo Bank has now formally opened its office in Montevideo,…
Read moreMT4 trading still separate from the "main" Saxo Bank, but this time using the Saxo Bank brand. Saxo Bank has announced a relaunch of its MT4 business, this time under the SaxoMT4 brand. Visitors to the old Forextrading.com website are now redirected to SaxoMT4.com (see screenshot below). Those who want to trade at Saxo Bank using…
Read moreContinues Saxo Bank's aggressive international expansion, at the same time that it is cutting costs. Saxo Bank, one of the world's largest retail FX firms (and a member of LeapRate's Approved List of global FX brokerages), has announced the opening of a new office in Istanbul, Turkey. Over the past year, Saxo Bank has added offices in…
Read moreSaxo Prime will offer institutions direct market access to liquidity providers. Saxo Bank, one of the world's largest retail FX firms (and a member of LeapRate's Approved List of global FX brokerages), has announced its entry into the institutional FX Prime Brokerage business, with the launch of Saxo Prime. Saxo Bank has outsourced software from MarketFactory, specifically MarketFactory's…
Read moreSaxo Bank launches mobile version of the main commercial website. Saxo Bank, one of the world's largest retail FX firms (and a member of LeapRate's Approved List of global FX brokerages), has just released a new mobile-optimized version of its main website, m.saxobank.com. Saxo Bank reports that about 10% of visitors to its website now…
Read moreETNA will provide Saxo Bank with outsourced services around its in-house systems. Financial platforms and IT consulting firm ETNA Software today announced that it has signed a "long-term partnership" with leading retail FX broker Saxo Bank. We understand that this new relationship is connected to the Saxo Bank downsizing completed at the end of last year,…
Read more266 Saxo Bank employees gathered at 9:30am, told to leave. Managing growth is always difficult, but it is also a lot more enjoyable than managing in a time of austerity. And with a prolonged downturn in Forex trading volumes worldwide, some of the world's leading FX firms are feeling the pinch and need to deal with…
Read moreRare (and interesting) hardware innovation for high-end FX traders. Saxo Bank, a member of LeapRate's Approved List of global FX firms, has introduced a new trading keypad which will be available only to its high end clients. We have recently seen a technology war taking place among leading FX brokers -- mainly to the benefit…
Read moreSaxo Bank continues worldwide expansion, this time in Latin America. Saxo Bank, a member of LeapRate's Approved List of global Forex firms, today announced that it is acquiring its Uruguay-based white label partner NVN Securities. NVN is licensed by the Uruguayan Central Bank, and has been a White Label client of Saxo Bank since 2006.…
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