Saxo Bank Rings Nasdaq Opening Bell as It Pushes Single Stocks CFD Trading
After winning the Best Broker Award at the Forex Magnates Summit 2014, the Danish multi-asset trading specialist reaches another milestone
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.
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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.
It started with Bitcoin, but it is a time for the second genertaion currency – Nxt. It’s Network is much cheaper than Bitcoin’s, You can mine/forge Nxt on Raspberry Pi or on a Mobile phone..
Great article.
To learn more, you could visit the NXT wiki here: http://wiki.nxtcrypto.org
Nice article, though you should add that 70 first investors hold most of the NXT in their hands, manipulating the market at will.
I like nxt, only problem is that they do not seem to embrace the model of using QR Codes, so how will they facilitate in-store or in person transactions ? Using the entire number seems so arcane.
Good article, but the use of the term ‘pre-mined’ doesn’t fit here since NXT isn’t mined, and no one premined it. Every coin was generated at once and no one was able to mine ahead of other people which is what premined scamcoins are all about, and why premined is considered a bad thing. The IPO allowed investors to get onboard at the start and distribute coins. Those people risked money to be involved early just like investors in any company and received reward when NXT started getting attention.
Interesting – need to see them post next round.