Saxo Bank’s co-CEO and co-founder, Kim Fournais, has just marked an exciting sign of success for the Danish broker. At exactly 9:30 am New York time today, he rang the Nasdaq opening bell to launch the start of trading on the exchange and announced Saxo Bank’s special zero commission trading offer for the week of the American Thanksgiving holiday.
Speaking at the venue, Mr. Fournais said he was honored to have been given the opportunity to mark the start of trading on Nasdaq by ringing the opening bell.
He saw it as a sign to the world that Saxo Bank has come a long way since they started out from its humble beginnings in a small office in Copenhagen. Mr. Fournais said the firm’s entrepreneurial spirit and the teamwork of all of Saxo’s employees are among the reasons for its success.
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To mark the occasion the brokerage announced to traders: “In the spirit of Thanksgiving, we are delighted to give thanks to our clients by offering them the opportunity to trade our most popular NASDAQ listed equities at zero commission. We want to give something back to our clients for their continued trust in Saxo Bank. We hope our clients seize this opportunity.”
All clients of Saxo Bank are being offered zero commission trading on the following ten most popular stocks and CFDs on NASDAQ, available for the duration of Thanksgiving Week: Apple, Google, Facebook, Yahoo, Tesla Motors, Amazon.com, Netflix, Baidu.com, Priceline and GoPro.
Saxo Bank’s offer is meant to put emphasis on the broker’s diversification into multiple asset classes over the past twenty years, from its origins as an FX trading provider.
While maintaining its core business roots in the industry, and winning Best Forex Broker at last week’s London Summit, Saxo’s footprint in listed products is growing rapidly. The Copenhagen-based group has seen a fivefold increase in equity and CFD trading volumes since 2009, and this year 45% of Saxo Bank’s equity flow was in US listed companies.
“We are happy to use this opportunity to reveal that next year Saxo Bank will further strengthen our equity offering for our most active trading clients,” Mr. Fournais said. It seems that the bank has some product developments in store, as its co-founder has promised to introduce the next generation of the SaxoTrader platform.