Who and when will be the next broker to go public is always a hot debate. With uncertainty in Europe, Lars Seier Christensen, Co-CEO, Saxo Bank states that his firm is holding back from an IPO.
One of the interesting topics at last year’s M&A Panel at the Forex Magnates London Summit that featured CEOs from FXCM, Monex Japan, Gain Capital, Saxo Bank and Alpari, was a discussion in going public. Both FXCM CEO Drew Niv and Gain CEO Glenn Stevens stated that going public has been and is a difficult journey. They stated that on the positive, it provides an exit strategy and provides greater access to banks and counterparties, but created more demands from investors.
Despite the far from positive reviews of publically traded Forex companies, the appeal of an exit has kept the rumor mill running that other major brokers; specifically OANDA, Saxo Bank or Alpari would be following suit and file for an IPO. At the London event, Alpari’s UK CEO Daniel Skowronski, said that his firm was looking into going public (just not in the US).
Among all the private firms, Saxo Bank has consistently be mentioned as an IPO candidate. With the firm expanding beyond its retail trading business to stabilize its revenue stream, counting private equity firm TPG as a 30% holder, along with its founders Lars Seier Christensen and Kim Fournais controlling a majority of the firm, Saxo Bank has all the ingredients of a potential seller. In a report from Reuters, Saxo Bank Co-CEO Lars Seier Christensen poured water on the rumors, for at least the short term as he stated that Saxo Bank was “quite happy” to be a private company, and that “there’s a lot of freedom.”
The comments about enjoying their freedom come after Christensen was the keynote speaker at #FXDebates London last week. At the event Christensen was very negative on the current financial state in Europe, saying “ the euro crisis has turned into a fatal disaster with huge consequences for the members involved. I have rarely, in my 25 years career in foreign Exchange , witnessed an equally turbulent and fascinating time.” He added that the creation of the euro was a “historic failure” and believed that the “Eurozone will eventually break up.” Christensen concluded that without rationalism (which he doubted would occur), the “recession would continue for years”, “bond yields will rise”, “Bruxelles will claim more power”, and that Cyprus “WAS a template”. (full text available on Saxo Bank’s research site Trading Floor)
One of the interesting topics at last year’s M&A Panel at the Forex Magnates London Summit that featured CEOs from FXCM, Monex Japan, Gain Capital, Saxo Bank and Alpari, was a discussion in going public. Both FXCM CEO Drew Niv and Gain CEO Glenn Stevens stated that going public has been and is a difficult journey. They stated that on the positive, it provides an exit strategy and provides greater access to banks and counterparties, but created more demands from investors.
Despite the far from positive reviews of publically traded Forex companies, the appeal of an exit has kept the rumor mill running that other major brokers; specifically OANDA, Saxo Bank or Alpari would be following suit and file for an IPO. At the London event, Alpari’s UK CEO Daniel Skowronski, said that his firm was looking into going public (just not in the US).
Among all the private firms, Saxo Bank has consistently be mentioned as an IPO candidate. With the firm expanding beyond its retail trading business to stabilize its revenue stream, counting private equity firm TPG as a 30% holder, along with its founders Lars Seier Christensen and Kim Fournais controlling a majority of the firm, Saxo Bank has all the ingredients of a potential seller. In a report from Reuters, Saxo Bank Co-CEO Lars Seier Christensen poured water on the rumors, for at least the short term as he stated that Saxo Bank was “quite happy” to be a private company, and that “there’s a lot of freedom.”
The comments about enjoying their freedom come after Christensen was the keynote speaker at #FXDebates London last week. At the event Christensen was very negative on the current financial state in Europe, saying “ the euro crisis has turned into a fatal disaster with huge consequences for the members involved. I have rarely, in my 25 years career in foreign Exchange , witnessed an equally turbulent and fascinating time.” He added that the creation of the euro was a “historic failure” and believed that the “Eurozone will eventually break up.” Christensen concluded that without rationalism (which he doubted would occur), the “recession would continue for years”, “bond yields will rise”, “Bruxelles will claim more power”, and that Cyprus “WAS a template”. (full text available on Saxo Bank’s research site Trading Floor)
58% of UK Investors Choose Professional Guidance over 'Finfluencers’
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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