Saxo Bank to introduce new Option Closeout report
Multi-asset investment specialist Saxo Bank plans a set of enhancements to its platforms.
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.
Multi-asset investment specialist Saxo Bank plans a set of enhancements to its platforms.
Multi-asset investment specialist Saxo Bank has announced a set of enhancements to SaxoPartnerConnect (SPC).
Replacing Emil Valdemar Madsen in the CMO role at Saxo Bank is Hong Kong based executive Ingrid Safoncik-Berry.
So far in 2024 Saxo client trading volumes are averaging $367 billion monthly, down by 8% from 2023’s $399 billion.
Saxo Bank has released its 2023 Annual Report, indicating a fairly steady second-half-of-the-year, but falling profitability at the company.
Multi-asset investment specialist Saxo Bank has expanded its trading portfolio by introducing 0DTE options on the French CAC 40 index.
Replacing Charles White-Thomson as CEO of Saxo UK, at least on an interim basis, is Simon Camilleri.
Volumes at Saxo were up slightly (1.6%) from December, but remained well below the $400 billion+ figures Saxo generated in most of 2023.
Today, Saxo Bank announced the appointment of John Carmichael as Chief Risk and Compliance Officer.
Multi-asset investment specialist Saxo Bank has released an updated version of its OpenAPI.