Saxo Bank Confronted by a Yin Yang Moment
Saxo bank is looking to enjoy its award from the “Profit and Loss” magazine for having the best re-labelling platform for 2010. This should provide Saxo bank with robustness for their white label business; Saxo bank currently has over 120 white label clients. Saxo Bank has won the award for providing the best while label solution in the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term market by providing a multiple-currency trading technology, fast execution speed, and multi-vibrant trading platforms to choose from.
“Profit and Loss” is a monthly magazine that has been awarding forex brokers; since 2002. The 2010 awards has registered over 10,000 votes which is a record breaking event for the magazine. There are 14 different categories which a forex brokers can win from, which consist of … Best Market Data Service, Best Retail FX Platform, Best Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term System, etc.
Get the full list of winners from the “2010 Profit & Loss Readers’ Choice Awards” by clicking on the link below:
2010 Profit & Loss Readers’ Choice Awards
However, the award celebration may not last for to long due to Saxo bank being under investigation from the FSA. It is reported that the FSA has conducted an investigation and concluded that the bank is in violation of not notifying their customers about the risks associated with using its service.
The FSA has stated that Saxo bank has violated the law on "prevention of money laundering and terrorist financing”. Saxo bank has brushed off any criticism and stated that they are in compliance with the FSA anti-money laundry rules; but will intensify its current rules further to enhance it's future procedures.
Among, the celebration comes a burst of bad news for Saxo Bank, will the Yin be able to beat the Yang or has the Yang already overshadowed the Yin ?
Saxo bank is looking to enjoy its award from the “Profit and Loss” magazine for having the best re-labelling platform for 2010. This should provide Saxo bank with robustness for their white label business; Saxo bank currently has over 120 white label clients. Saxo Bank has won the award for providing the best while label solution in the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term market by providing a multiple-currency trading technology, fast execution speed, and multi-vibrant trading platforms to choose from.
“Profit and Loss” is a monthly magazine that has been awarding forex brokers; since 2002. The 2010 awards has registered over 10,000 votes which is a record breaking event for the magazine. There are 14 different categories which a forex brokers can win from, which consist of … Best Market Data Service, Best Retail FX Platform, Best Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term System, etc.
Get the full list of winners from the “2010 Profit & Loss Readers’ Choice Awards” by clicking on the link below:
2010 Profit & Loss Readers’ Choice Awards
However, the award celebration may not last for to long due to Saxo bank being under investigation from the FSA. It is reported that the FSA has conducted an investigation and concluded that the bank is in violation of not notifying their customers about the risks associated with using its service.
The FSA has stated that Saxo bank has violated the law on "prevention of money laundering and terrorist financing”. Saxo bank has brushed off any criticism and stated that they are in compliance with the FSA anti-money laundry rules; but will intensify its current rules further to enhance it's future procedures.
Among, the celebration comes a burst of bad news for Saxo Bank, will the Yin be able to beat the Yang or has the Yang already overshadowed the Yin ?