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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Despite his retirement, Blaafalk noted that he will not step down from his directorship roles at this time. He said: It will not be a complete goodbye to Saxo Bank, as I will continue in some directorships of our subsidiaries and I will always be an ambassador for this GREAT company. I will also pursue…
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With the now failed merger, the broker initially aimed to diversify its shareholder base, as well as accelerate its growth strategy. Saxo’s SPAC partner, DCAC is now considering other option. The company stated: DCAC is contemplating its options, taking into account its business combination deadline of 11 January 2023, subject to potential extension. Saxo is…
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The average daily volume (ADV) in forex instruments stood at $6.3 billion. The figure was 3.3% higher on monthly basis and registered a 40% increase compared to November last year. The brokerage firm reported that demand in Equities continued its upward trajectory. The volume in November was $278.9 billion, gaining 8.7% compared to October. On…
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The average daily volume (ADV) in forex instruments stood at $6.1 billion. The figure was 9% lower on monthly basis but 19.6% up compared to October last year. The brokerage firm reported that demand in Equities picked up during last. The volume in October was $ 256.5 billion, gaining 3.5% compared to September. On yearly basis,…
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Kim Fournais, CEO & Founder, commented: We would like to thank Mette for her contribution to Saxo during the past year. She has helped further develop Global Finance & Legal to become a stronger business partner and enabler of our strategy. We wish Mette the very best in her future endeavours. He added: Mads Dorf…
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Saxo confirmed it is well capitalized and there will be no primary issue of shares with the listing and the merger will comprise a secondary sale of existing Saxo Bank shares. According to the official announcement, Saxo shareholders Geely Financials Denmark A/S and Sampo Plc, are planning to liquidating a part of their holdings. At…
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Kim Fournais, CEO and founder of Saxo Bank, said: The results are not satisfactory and affected by difficult market conditions during the first half of 2022. Despite volatility in financial markets, trading activity was lower than the same period last year. Saxo Bank added that as it witnessed a drop in demand, its cost levels…
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The broker said in the official announcement: The US N100 index used to have a minimum trading unit of 1, which meant that traders would need to pay at least 176,951 yen to trade it. However, the minimum trading unit has now been changed to 0.01, so trades can be made from JPY 1,770. Additionally,…
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