The average daily volume (ADV) in forex instruments stood at $5.4 billion. The figure dropped 5.3% on monthly basis and 21.7% on yearly. However, the brokerage firm reported that demand in Equities registered a rise. The volume in June was $233.5 billion, 2.3% higher compared to May. O yearly basis, the asset jumped 21.6%. Fixed…
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The company’s success has been partly fueled by its approach of swiftly passing on the benefits of central bank rate hikes to its customers. Unlike many other banks, Saxo Bank ensures that clients immediately profit from higher interest rates on their unused funds. This strategy helps clients adjust their investment strategies in line with changing…
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The average daily volume (ADV) in forex instruments stood at $5.1 billion. The figure dropped 25% on monthly basis and 10.5% on yearly. The brokerage firm reported that demand in Equities also registered fell. The volume in April was $174.7 billion, 32.8% lower compared to March. However, on yearly basis, the asset class rose 3.3%.…
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The average daily volume (ADV) in forex instruments stood at $6.8 billion. The figure grew 23.6% on monthly basis and 3% on yearly. The brokerage firm reported that demand in Equities also registered an uptick. The volume in March was $259.9 billion, strengthening by 25% compared to February. On yearly basis, the asset class rose…
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The average daily volume (ADV) in forex instruments stood at $5.5 billion. The figure grew 5.8% on monthly basis but was 1.8% lower than the previous year, The brokerage firm reported that demand in Equities also fell. The volume in February was $208 billion, falling 5.3% compared to January. On yearly basis, the asset class…
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Clients The numbers of clients, however, surpassed the previous years’s record of 820,000 by 6.83%, reaching 876,000 last year. In 2022, client assets stood at DKK 584 billion, falling 8.8%, compared to the DKK 640 billion in 2021. Saxo pointed out that last year was negatively affected by the declining equity markets. Kim Fournais, CEO…
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The average daily volume (ADV) in forex instruments stood at $5.2 billion. The figure was the same as last year’s and fell 5.5% on monthly basis. The brokerage firm reported that demand in Equities also fell. The volume in January was $219.7 billion, falling 14% compared to December. On yearly basis, the asset class dropped…
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According to a source familiar with the matter, Saxo can also consider private share placement as shareholders Chinese automaker Geely (0175.HK) and Finnish insurer Sampo (SAMPO.HE) are looking to reduce their stakes. Fournais said that the company will keep “all options open” but the plan for now is to go public. The bank announced its…
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The average daily volume (ADV) in forex instruments stood at $5.5 billion. The figure fell 12.7% on monthly basis but registered a 31% increase compared to December last year. The brokerage firm reported that demand in Equities continued its upward trajectory. The volume in December was $255.7 billion, falling 8.3% compared to November. On yearly…
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Having joined the bank in 2009, Mads Dorf Petersen has held various leadership roles within finance including Head of Business Planning and Analysis and Deputy Head of Group Finance. Most recently, he served as Head of Commercial Finance at Saxo. Mads Dorf Petersen, CFO commented: I am excited and proud to take on this role,…
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