Saxo Bank has announced a new release of its OpenAPI, enhancing the Client Management service group and the Portfolio service group.
Saxo Bank is one of the oldest Retail FX and CFD brokers, and is still today one of the largest doing about $300 billion in combined monthly volumes. The Copenhagen firm was founded in 1992 by Danish entrepreneurs Lars Seier Christensen and Kim Fournais, who co-ran the company until control of Saxo was acquired by China’s Geely Group in late 2017. Saxo Bank has matured from a mainly FX trading shop into a true multi-asset broker, with about half of its client trading volumes in any given month from a combination of Equities (including Index trading), Commodities and Fixed Income CFD products.
In addition to holding a bank license in its home market of Denmark, Saxo Bank subsidiaries are licensed in the UK, Singapore, Switzerland, France, The Netherlands, Belgium, Hong Kong and Australia. The group holds over €46 billion in combined client assets, and employs over 2,100 staff worldwide.
Saxo Bank offers its own proprietary SaxoTraderGO and SaxoTraderPRO trading platform to clients, in addition to a number of third party platforms. Clients not using the proprietary platforms can trade their Saxo account using the popular MT4, as well as Dynamic Trend, TradingView, and MultiCharts. Clients can also receive tailored multi-asset liquidity via FIX API.
To create a better client experience, Saxo Bank will introduce a new user-friendly landing page along with several other improvements.
Saxo Bank is increasing login security by adding two-factor authentication (2FA) via text message (SMS) soon.
Simon Camilleri had been with BofA Merrill Lynch for 18 years, serving as Director and COO of the firm’s Global Rates Trading unit.
Saxo Bank has teamed up with HSBC to incorporate eGIRO and FAST Direct Debit Solution into its trading and investing platforms.
Saxo launches digital advisory solution SaxoPartnerConnect, a one-stop enabling wealth managers to provide value-added scalable services.
Saxo Bank reported a 13% MoM decline in FX trading volumes, $127.9 billion versus September’s $146.7 billion.
Multi-asset investment specialist Saxo Bank has announced a new release of its OpenAPI, enhancing the Client Management service group.
Saxo Bank clients can share charts, themes, articles, news, webinars and more with their friends through email, WhatsApp and social media.
At the extraordinary general meeting of Saxo Bank, Marika Fredriksson was elected to the Board of Directors.