Continuing a somewhat troubling downward trend (see chart below), Copenhagen based Retail FX broker Saxo Bank has released data indicating that client FX and multi asset trading volumes in its system decreased by 17% during July, totaling $316 billion versus $380 billion in June. Within that total FX trading volumes were down 19%, to $226 billion,…
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Forex Industry News this past week at LeapRate was a combination of key executive moves, M&A, and fundraising. Which FCA regulated brokers raised money, ahead of new ESMA regulations which become effective in a few weeks' time? Which was the latest business sold by Saxo Bank, which is clearly realigning its operations ahead of a…
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Copenhagen based Retail FX brokerage group Saxo Bank is continuing a radical makeover of the company and jettisoning of non-core assets, agreeing to sell its Banking Circle payments unit to Swedish private equity firm EQT partners. The parties did not disclose a price for the transaction. Prending regulatory approval, the sale is expected to close…
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Continuing something of a slump for the Copenhagen based Retail FX broker, Saxo Bank has released data indicating that client FX and multi asset trading volumes in its system decreased by 6% during June, totaling $380 billion versus $405 billion in May. By contrast, Saxo Bank averaged volumes of $527 billion monthly in the first…
Read moreContinuing its steady move toward building up its presence in Asia and the Far East, and China in particular, Copenhagen based Retail FX broker Saxo Bank has announced that it has added access to China A-shares to its global multi-asset offering. Saxo Bank clients are able to trade A-shares listed on the Shanghai and Shenzhen stock…
Read moreCopenhagen based Forex and multi asset broker Saxo Bank today announced the appointment of Eric Krueger to a newly established position as Global Head of Client Services, effective from 2 July 2018. He will report directly to Damian Bunce, CCO of Saxo Bank A/S. Krueger will play a lead role in managing and developing Saxo…
Read moreLeapRate Exclusive... LeapRate has learned that Copenhagen based Retail FX broker Saxo Bank has added another member to its senior management team, hiring longtime Nordea executive Oliver Zecevic as the company's new Head of Operations. Oliver Zecevic had been with Nordea for his entire working career, joining the Danish based banking and financial group out of…
Read moreIn a month where some of the world's leading Retail and Institutional FX brokers were setting volume records, Copenhagen based brokerage group Saxo Bank reported its third volume decline in a row. Overall, May 2018 trading volumes came in at a daily average of $17.6 billion at Saxo Bank, down slightly from $17.7 billion in…
Read moreCopenhagen based Forex and multi asset broker Saxo Bank and Nasdaq, the global provider of trading, clearing, exchange technology, listing, information and public company services, have just announced a cooperation to launch a new digital investment portfolio in the SaxoSelect universe based on Nasdaq Dorsey Wright research. The new portfolio, named Nasdaq DW Global Momentum,…
Read moreSaxo Capital Markets, the online multi-asset trading and investment specialist, has just announced the appointment of Eleanor Creagh to the newly-created role of Australia Markets Strategist. Ms Creagh will support Saxo’s expert Global Sales Trading team with trading ideas and financial market insights, reporting to Saxo Bank Group’s Chief Economist and Chief Investment Strategist, Steen…
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