So far in 2022 Saxo Bank is averaging $416 billion in monthly trading volumes, up nicely (by 35%) from $308 billion in 2021.
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.
Saxo Bank invites its partners to get introduced to SaxoPartnerConnect and manage their clients more efficiently.
Saxo Bank enhances the Close Position Ticket for Mutual Funds so that it supports creating closing orders in currency amount.
Charu Chanana joins Saxo Markets Singapore from Continuum Economics, where she was Lead Economist, Asia since 2015.
Shares, bonds, mutual funds and structured products proceeds will stay in ’Transactions Not Booked’ until settlement, Saxo says.
An interactive P/L and exposure chart have recently been introduced in the positions list in the SaxoTraderGO and SaxoTraderPRO platforms.
For Saxo partners offering the SaxoInvestor platform, enhancements will be released in Q2 2022.
Joanna Moberly joins Saxo from Lloyds Banking Group, where she worked in the legal department for the past 10 years.
The latest release of the Saxo Bank OpenAPI makes changes to the Portfolio services group.
Multi-asset investment specialist Saxo Bank makes changes to the Client Services group in OpenAPI.