Luxembourg Stock Exchange adds Saxo Bank as trading member LeapRate

September 14, 2020 BY Steffy Bogdanova

Luxembourg Stock Exchange adds Saxo Bank as trading member

Established in 1992, Saxo Bank A/S is a Danish regulated bank for online trading and investment, with a strong global presence. Around 125,000 trades per day are processed through its trading platforms, SaxoTraderGO,SaxoTraderPRO and SaxoInvestor. The bank is also LuxSE’s first Scandinavian-based trading member. Henrik Juel Villberg, Global Head of Trading & Market Access at…

August 21, 2020 BY Valentina Kirilova

Saxo Bank Group announces record results in its H1 2020 report

The result of the first half of 2020 includes a number of records for the Saxo Bank Group, including all time high client assets, record number of trades, record number of new clients as well as a record high growth in the equity trading business. Staff costs and administrative expenses increased 24% YoY as a result of…

July 02, 2020 BY Steffy Bogdanova

Saxo’s outlook for Q3 says Covid-19 will amplify the unravelling of globalisation

The US dollar still has a steady position. The Fed has been mobilizing enormous quantities of liquidity, asset purchases and loan programmes to stop the firestorm of contagion, and the USD has returned to its trading range in the period leading up to the crisis. Despite these actions, Saxo Bank does not believe the market…

June 05, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: IG Group expects doubled revenue in Q4 FY20, Pepperstone expands in Dubai

The Australia and New Zealand Banking Group Limited (ANZ) announced the sale of UDC Finance, its asset finance business in New Zealand, for NZ$762 million to Shinsei Bank Limited. The sale is inline with ANZ’s strategy to simplify its business and follows a review of UDC Finance. The purchase price represents a price-to-book ratio of 1.2x…

June 04, 2020 BY Valentina Kirilova

Saxo Bank reveals five white label partnerships with Danish banks

The small and medium-sized banks under SDC will now be able to cut costs and complexity while providing their clients with broad access to stocks, bonds, mutual funds and ETFs. Commenting on the partnership, Kim Fournais, CEO and Founder of Saxo Bank, said: We are very proud to sign this landmark partnership with a group…

April 03, 2020 BY Steffy Bogdanova

Saxo Bank's Q2 Outlook paints a gloomy picture of global markets

Saxo Bank warns that equities face the worse outlook since 2008. The current coronavirus crisis comes just after the US-China trade war put things out of balance and slowed growth. Supply and demand shock come together with oil price war between Russia and Saudi Arabia. The bank expects in the worst-case scenario, that the S&P…

April 01, 2020 BY Valentina Kirilova

Saxo Bank announces lower profit, but record number of new clients in 2019 report

Kim Fournais, CEO and Founder, Saxo Bank, commented on the results: The result for 2019 is affected by difficult market conditions during the year, with all-time low volatility across most financial markets and continued negative interest rates in many markets. At the same time, the result is negatively impacted by significant price reductions across asset…

February 07, 2020 BY Valentina Kirilova

Saxo Bank names Stig Christensen its new CSO

Multi-asset trading and investment firm Saxo Bank has announced earlier today that it has appointed Stig Christensen as its new Chief Sales Officer. Christensen is not new to Saxo, as he has served as Chief Human Resources Officer at the company since 2016. Kim Fournais, founder and CEO, commented on the news: We are very…

December 17, 2019 BY Valentina Kirilova

Saxo Bank and Geely Holding Group establish fintech joint venture serving the China market

Saxo Bank has just announced that it has teamed up with Geely Sweden Holdings AB, a subsidiary of Zhejiang Geely Holding Group Co. Ltd, to establish a technological joint venture (JV). The two companies will now provide financial and regulatory technology solutions to financial institutions such as banks and fintechs in China. The ownership structure…

Saxo Bank reports lower than expected financial results in H1 2019

December 12, 2019 BY Mariela Naydenova

Saxo Bank comes out with worst monthly FX volume in four years

Saxo Bank has reported its worst monthly FX volume in almost 4 years. This time of year is particularly hard for brokers, and Saxo Bank proved no exception. Saxo Bank is a Danish investment bank that specializes in investment and online trading. During November, the multi-asset broker posted a month-on-month drop across the board for…

Tag: Saxo Bank