Exclusive: Saxo HR exec Nicolai Houman leaves
Nicolai Houman spent the past six years at Copenhagen based Saxo Bank, with the title COO Group People & Culture.
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.
Nicolai Houman spent the past six years at Copenhagen based Saxo Bank, with the title COO Group People & Culture.
Saxo’s Quarterly Outlook, “AI: The good, the bad, and the bubble”, looks at the introduction of the potentially groundbreaking technology.
For the first half of 2023 Saxo Bank averaged $389 billion in monthly trading volume, down by 4% from 2022’s average of $405 billion.
Multi-asset investment specialist Saxo Bank has released a new version of its OpenAPI, enhancing several service groups.
Saxo Bank divests its stake in Saxo Geely Tech Holding A/S with the sale to Geely Group and receives Saxo Bank shares as part of the transaction.
Saxo Bank announces its official designation as a Systemically Important Financial Institution (SIFI) by the Danish Financial Supervisory Authority (FSA).
Due to high complexity and low usage, Saxo Bank will be deprecating the Trade on Quote trading flow from OpenAPI.
Saxo Markets Singapore is reducing the minimum commission on US stocks, US ETFs and US stock options trades.
The Dutch Authority for the Financial Markets (AFM) imposed an administrative fine of €530,000 on BinckBank N.V.
The increase was led by a healthy 31% jump in Equities trading at Saxo Bank in May, to $228.2 billion.