This is a significant drop from the highest trading volumes that were hit during March. The peak brought in a total volume of $170.5 billion with a daily average of $7.4 billion. Since then, there has been a fall every month, with April showing a total of $124.2 billion and a daily average of $5.6…
Read more
Mette Ingeman Pedersen commented: I am both proud and very excited to be joining Saxo Bank. The ambitions are high and so is the passion – and I am very much looking forward to meeting Saxonians across teams and departments and do my part to further bring Saxo Bank’s mission to life on the ambitious…
Read more
Despite the dull outlook for forex, however, Saxo Bank saw a rise in the demand for equities on the platform. The forex and CFDs provided have reported a figure of around $141.9 billion for May’s equities trading volume. This number is an increase of 24.2% compared to April’s figures, while May’s daily average was reported…
Read more
Richard Douglas commented: I am very honoured to take on this appointment. Saxo is on an exciting journey of transformation globally, and in Hong Kong we have a huge opportunity to become more relevant for more people, through our expanded offerings for investors and continued commitment to improving the client experience. As China’s economy and…
Read more
O’Malley, commented: With a record number of new active clients onboarded during 2020 it’s an exciting time to be joining Saxo Markets, as a leading online investment and trading community. I look forward to working with the team to support its rapid growth and help the business realise its ambitions. His new role will have…
Read more
Kostyukhin added: We set out to deliver a product which offers the security and ease of use associated with more mature asset classes, coupled with the volatility and dynamics of Bitcoin, Ethereum, and Litecoin – giving clients the opportunity to trade both long and short in the thriving crypto market. The latest service from Saxo…
Read more
Avelacom, the low latency connectivity, IT infrastructure and data solutions provider for global financial markets, has revealed it has become a connectivity provider for the LME, supporting LME members to use cross-market trading strategies more efficiently. Avelacom’s global coverage includes most developed market exchanges, such as CME, with a focus on emerging markets, including exchanges in…
Read more
Kim Fournais, CEO and founder, commented: We are very proud that Kari Stadigh, one of the most renowned and respected leaders in the financial industry, will join the Group as our new Chairman. With his deep knowledge of the market and exceptional track record, we are well-positioned to execute on our strategy and further scale…
Read more
The European Securities and Markets Authority (ESMA) announced that its Board has appointed Annemie Rombouts as Chair of the Corporate Reporting Standing Committee (CRSC). According to the official press release, Rombouts was previously Deputy Chair of the Belgian Financial Services and Markets Authority. Her new appointment as chair of the CRSC is effective immediately. Moscow Exchange…
Read more
Kim Fournais, CEO and Founder of Saxo Bank, commented: As we look back on 2020, we are both humbled and proud that we were able to reach new heights for Saxo Bank, welcoming a record number of more than 238,000 new trading clients. We now see the results of our strategic decisions to further broaden…
Read more