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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ASIC found Saxo's TMDs for derivative products to be inappropriate, particularly concerning retail clients who use CFDs as a significant part of their investment portfolio, clients with investment timeframes of up to one year or up to three years, and specific instruments sought by retail clients for growth and income. CFDs are derivative contracts with…
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Adam Smith, CEO of Saxo Australia, commented: In recent years the appetite for alternative wealth strategies has grown in line with improved access to global capital markets and innovations in technology. More Australians than ever are looking to build diversified portfolios across geographies, and as such are using digital platforms to take control of their…
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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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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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In his new role, Donovan will be focused on driving Saxo’s Preferred Broker programme to reach its potential in response to the high level of demand, according to the company. With the Preferred Broker programme, partner clients can enrol their employees onto the platform. Trades are reported to the organisation’s compliance department directly, which ensures…
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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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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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Charles White-Thomson, CEO of Saxo UK, commented: We are delighted to welcome Simon to the team. His depth and breadth of expertise across the trading and technology sectors will undoubtedly help Saxo as we continue on our ambitious growth strategy. We are determined and focussed on providing our clients with the very best opportunities for…
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