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Saxo bank
Europe's Economic Crossroads: Recession Fears and S&P Global's
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Will Blockchain Technology Mark a Turning Point in Fraud
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7 Things We Wish Someone Had Told Us Before We Started Trading
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Investing in US Securities? Something is Stalking You …
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Europe's Economic Crossroads: Recession Fears and S&P Global's
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Will Blockchain Technology Mark a Turning Point in Fraud
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Brokers
FX Demand on Saxo Bank Drops in February: Lowest in 2 Years
The forex volume for the month fell 15.4 percent month-over-month.
While the forex daily average dropped, the figure remained the same or increased for other asset classes.
Tuesday, 05/03/2024 | 09:14 GMT
by
Arnab Shome
Retail FX
Breaking: Saxo Bank’s 2023 Profit Dips 8.1% despite Revenue Rise
The broker closed the year with an operating income of DKK 4.48 billion.
It ended the year with 1.15 million traders.
Friday, 01/03/2024 | 07:26 GMT
by
Arnab Shome
Retail FX
Saxo Bank's January 2024 Forex Volume Dips to 5-Month Low
However, the overall client activity hits a new high with $375.5 billion.
Equity trading at Saxo surges to $219.78 billion, a significant increase from December.
Monday, 05/02/2024 | 08:54 GMT
by
Damian Chmiel
Executive Moves
Saxo Bank Strengthens Leadership: Names New Chief Risk and Compliance Officer
John Carmichael has been promoted to the top compliance role after spending 16 years at Saxo.
The company also promoted three other employees.
Wednesday, 24/01/2024 | 09:38 GMT
by
Arnab Shome
Retail FX
Saxo Partners with FairXchange for Liquidity Management with Data Analytics
FairXchange equips Saxo Bank with Horizon for enhanced liquidity management.
Since 1998, Saxo Bank has been offering professional tools and global market access to investors.
Tuesday, 16/01/2024 | 09:33 GMT
by
Tareq Sikder
Retail FX
Saxo Reveals Fee Cuts to Foster Accessibility in US and Australian Markets
The firm slashes brokerage fees, with a reduction of 87% for US markets and 62% for the ASX.
Global market traders will benefit from a two-thirds reduction in currency conversion fees.
Monday, 15/01/2024 | 09:49 GMT
by
Tareq Sikder
Retail FX
FX Volume on Saxo Pushes December’s Overall Figure Higher
Forex trading demand jumped 13.6 percent last month.
Demand for other asset classes offered by Saxo declined.
Thursday, 04/01/2024 | 07:25 GMT
by
Arnab Shome
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Retail FX
FX Trading on Saxo Gains Momentum in November
It reported an overall monthly trading volume of $362.9 billion.
Equities demand significantly declined to $198.4 billion.
Tuesday, 05/12/2023 | 09:36 GMT
by
Arnab Shome
Retail FX
Forex Volumes for Saxo Bank Highest since May 2023
The FX trading volume on the platform came in at $112.5 billion.
It was the highest reading in the last five months.
Sunday, 05/11/2023 | 13:35 GMT
by
Damian Chmiel
Retail FX
FCA Issues Warning against Saxo Bank Impersonators
Clone firms imitate authorized entities to deceive people.
According to the regulator, there is an alarming surge in clone scammers.
Wednesday, 01/11/2023 | 13:44 GMT
by
Jared Kirui
Retail FX
Trading Volume on Saxo Dips in September, FX Follows Trend
The FX trading volume on the platform came in at $106.1 billion.
Despite the overall drop, the average daily volume improved.
Tuesday, 24/10/2023 | 08:07 GMT
by
Arnab Shome
Retail FX
Saxo Bank UK's Profit Dips despite Record Client Numbers
In 2022, Saxo Bank UK achieved a trading profit of £24.74 million.
Despite a decline in volumes, the broker currently has a record-large customer base.
Tuesday, 10/10/2023 | 07:58 GMT
by
Damian Chmiel
Institutional FX
AUSIEX Taps Saxo Australia for Market Access to Financial Advisors
Financial advisors on AUSIEX can now directly trade equities.
It supports more than 475,000 investors and over 4,500 advisers.
Thursday, 28/09/2023 | 09:34 GMT
by
Arnab Shome
FinTech
Enhancing Open Banking Payments for Investments: Mastercard and Saxo Bank Partner
Simplified investment transactions enhance customer experience.
New fund surges 20% via open banking in Denmark.
Wednesday, 20/09/2023 | 10:04 GMT
by
Tareq Sikder
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Institutional FX
Saxo Bank’s H1 2023 Profit Soars 34% despite Low Trading Activity
The bank's operating profit for the period jumped to DKK 520 million.
Saxo bank's divestment negatively impacted its net profit.
Thursday, 14/09/2023 | 13:46 GMT
by
Jared Kirui
Retail FX
Summer Lull Hits Saxo: FX Volume in August Remains Flat
Saxo handled $112.3 billion in FX trading last month.
Demand for equities trading jumped 33 percent.
Wednesday, 06/09/2023 | 06:56 GMT
by
Arnab Shome
Executives
Saxo Bank Appoints Head of Go-to-Market for MENA, UK, and Switzerland
Tara Tyan became Saxo's new Head of the Go-to-Market division.
She has been intermittently associated with Saxo Bank since 2015.
Wednesday, 30/08/2023 | 13:47 GMT
by
Damian Chmiel
Retail FX
FX Trading Demand on Saxo Bank Slips in July
The monthly trading volume in July with FX was $112.9 billion.
Overall trading volume dipped last month.
Friday, 04/08/2023 | 07:37 GMT
by
Arnab Shome
CryptoCurrency
Denmark’s FSA Orders Saxo Bank to Dump Crypto Holdings
The watchdog said the law does not permit Saxo Bank's engagement in crypto trading.
In other news, Saxo Bank saw a decline of 8% in its FX trading volume in June.
Wednesday, 05/07/2023 | 12:57 GMT
by
Solomon Oladipupo
Retail FX
Saxo Bank Sells Stake in RegTech Firm to Majority Owner Geely Group
The sale will decrease Geely Holding Group's ownership claim to 49.88%.
Saxo recently attained over $100 billion in client assets and more than 1M in customers.
Thursday, 29/06/2023 | 13:20 GMT
by
Solomon Oladipupo
Retail FX
Saxo Becomes a ‘Systematically Important’ Danish Bank
It is the ninth such Danish institution to gain the status.
It comes with stringent capital requirements.
Monday, 26/06/2023 | 09:22 GMT
by
Arnab Shome
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Retail FX
One Million and Counting: Saxo Bank’s Client Base Hits Record High
Saxo Bank surpassed the one million clients mark.
The milestone was achieved despite geopolitical uncertainties.
Thursday, 15/06/2023 | 10:32 GMT
by
Damian Chmiel
Retail FX
Saxo Bank’s FX Volume Springs 27% to $130.5B in May
However, the new volume stands below March's figure of $155.5 billion.
Overall, trading volume strengthened 28% to $407 billion.
Wednesday, 07/06/2023 | 14:32 GMT
by
Solomon Oladipupo
Retail FX
Saxo Bank's Client Assets Surpass $100b, Quintuple in 5 Years
Saxo Bank needed 25 years to amass $20 billion in client assets.
The company increased the number fivefold in just five years.
Friday, 26/05/2023 | 12:49 GMT
by
Damian Chmiel
Retail FX
Saxo Bank’s FX Volume Down to Lowest since Dec 2021
The brokerage's FX volume declined 34% to $102.8 billion in April.
Additionally, institutional spot FX volumes declined across major regions last month.
Wednesday, 03/05/2023 | 15:51 GMT
by
Solomon Oladipupo
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