Saxo Q4 Outlook: once-in-a-decade opportunity to go long bonds
The world may indeed have reached ‘peak rates’, providing a once-in-a-decade opportunity to go long bonds.
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.
The world may indeed have reached ‘peak rates’, providing a once-in-a-decade opportunity to go long bonds.
Saxo will adjust the manner in which multiple lines of the same instrument (positions opened at different times and prices) are displayed.
Saxo Bank and Mastercard have announced a partnership to implement open banking payments in Saxo Bank’s investment platforms.
Saxo Bank reported net profit of DKK 282 million for the first half of 2023, compared with DKK 302 million for the corresponding period a year earlier.
The agreement to exit the China JV is part of operationally separating Geely and Saxo Bank.
Copenhagen based Retail FX and CFDs broker saw a healthy jump in client trading volumes during August 2023, led by Equities.
Multi-asset investment specialist Saxo Bank has released an updated version of its OpenAPI.
Multi-asset investment specialist Saxo Bank has announced planned changes to the use of Extended AssetTypes in OpenAPI.
All of Saxo’s offered traded asset classes saw a decline in activity in July, except Fixed Income.
Multi-asset investment specialist Saxo Bank plans to remove certain fields from its OpenAPI due to the deprecation the Trade on Quote trading flow.