After seeing its trading volumes hit multi year lows in September, Copenhagen based Retail FX broker Saxo Bank has reported an uptick in activity during the month of October, but volumes were still much lower than Saxo was seeing late last year and in the first few months of 2018. Saxo's all-important FX trading volumes…
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Continuing to reshape its senior management team after control of the company passed to China's Geely Group, Copenhagen based Retail FX broker Saxo Bank has announced two changes to the Board of Management, involving two current executives at the company. The latest changes include: Board of Management member Søren Kyhl has been promoted to Deputy CEO…
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In the latest of a series of senior management moves made after China's Geely Group moved to take control of the company late last year, Copenhagen based Retail FX brokerage group Saxo Bank has announced the appointment of Lars Kufall Beck as Global Chief Financial Officer (CFO), effective no later than May 1, 2019. Lars…
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Sampo Group's Mandatum Life has just announced that it will launch a new online trading service based on the Copenhagen based Retail FX and CFDs broker Saxo Bank Group’s state of the art investment and trading technology in the first half of 2019. Sampo is one of Saxo Bank's new shareholders, acquiring a 19.9% stake alongside…
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Copenhagen based Retail FX and CFDs broker Saxo Bank has announced that it will begin to offer CFD Options on a range of option roots, covering puts and calls on 15 of the world’s largest stock indices. CFD Options are OTC instruments based on Exchange Traded Index Options. They can help diversify a portfolio, as…
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Copenhagen based Retail FX broker Saxo Bank Group has announced that it is expanding its India presence and relocating more than 500 employees into a new and bigger office in Gurugram. The company stated that the move reflects its major investments in technology with the Gurugram office as a hub for fintech innovations. Saxo Group…
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It looks like Saxo Bank's new ownership group has its work cut out. Continuing a very disturbing trend, trading volumes at Copenhagen based Retail FX broker Saxo Bank declined for the fourth consecutive month in September 2018, dropping to their lowest level since 2015. Saxo's all-important FX trading volumes - which account for more than…
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Forex industry news at LeapRate this week centered on a number of changes in ownership (and board seats) at some of the best-known names in the Retail FX sector. Who took over control of Saxo Bank? (And at what valuation?) Who sold control of Pepperstone? (And to whom?) Who is replacing Playtech and the company's…
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Copenhagen based Retail FX and CFDs broker Saxo Bank has announced that all the necessary regulatory approvals have been received to enable China’s Geely Group and Sampo plc of Finland to acquire shares in Saxo Bank A/S. Following the approval and reflecting the new ownership structure of Saxo Bank, Daniel Donghui Li has been elected chairman…
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Copenhagen based Retail FX and CFDs broker Saxo Bank has reported its results for the first half of 2018, indicating an overall slowdown in business. On the top line, in what the company said was a period with low market volatility and the introduction of a new competitive pricing structure, Revenue for the Group reached…
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