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Saxo bank
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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
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
Retail FX
Saxo Bank Records Best Month since March 2020
The firm beats a three-month drop in FX volume and sees $155 billion in March 2023.
Lower trading activities bit 6% into Saxo Bank's profit in 2022.
Wednesday, 05/04/2023 | 14:23 GMT
by
Solomon Oladipupo
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Retail FX
News Nuggets | 30 March: Saxo's New Portal; JPX Gets into DeFi
Also Nordnet, Axi, and Beaxy.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 30/03/2023 | 09:33 GMT
by
Finance Magnates Staff
Brokers
Saxo Bank’s February FX Volume Sinks despite a Stronger ADV
The platform ended the month with a 3.8 percent jump in FX ADV.
Overall demand for commodities and fixed-income instruments increased marginally.
Monday, 06/03/2023 | 06:09 GMT
by
Arnab Shome
Institutional FX
Lower Trading Bites 6% into Saxo Bank's Profit in 2022
Trading-related earnings dipped 2% YoY to DKK 4.85 billion.
However, Saxo Bank saw record-high numbers in 2022 with 876,000 total clients.
Friday, 24/02/2023 | 18:51 GMT
by
Solomon Oladipupo
Brokers
Saxo Bank Posts 5% Dip in January FX Trading Volume
The overall trading volume tanked compared to December.
Demand for equities came down by 14 percent month-over-month.
Friday, 10/02/2023 | 08:09 GMT
by
Arnab Shome
Retail FX
Saxo Bank Keeps 'All Options Open', IPO Possible
An IPO could come as early as 2023, the CEO Kim Fournais told Reuters.
Saxo Bank abandoned a proposed SPAC deal last month
Tuesday, 10/01/2023 | 11:14 GMT
by
Solomon Oladipupo
Brokers
Top Forex Brokers in Australia
How do you choose the best forex brokers in Australia?
Thursday, 05/01/2023 | 13:25 GMT
by
Finance Magnates Staff
Retail FX
Saxo Bank Posts 12% Decline in December FX Demand
However, demand for FX instruments jumped by 26.7 percent year-over-year.
Overall trading demand on the platform also dipped by 9.3 percent.
Wednesday, 04/01/2023 | 10:50 GMT
by
Arnab Shome
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Executive Moves
Saxo Bank Names Mads Dorf Petersen as Permanent CFO
He took up the role at an interim level in October.
He has been working at Saxo for about 14 years.
Thursday, 22/12/2022 | 08:56 GMT
by
Arnab Shome
Retail FX
Saxo Bank's Reveals its Outrageous Predictions for 2023
Saxo Bank's yearly predictions include a UnBrexit and some big moves in USDJPY.
Thursday, 15/12/2022 | 09:09 GMT
by
Arnab Shome
Executives
Saxo's 30 Years, Nanny Finance, and Fatherly Advice: Charlie White-Thomson
Finance Magnates interviews Charlie White-Thomson, the CEO, of Saxo Markets UK.
Charlie delivers a frank assessment of the economic situation.
Wednesday, 14/12/2022 | 14:47 GMT
by
Ben Myers
Executive Moves
Steen Blaafalk Announces Retirement from Saxo Bank
He is retiring after more than 42 years in the financial services industry.
He will continue to sit on the board of Saxo's subsidiaries.
Monday, 12/12/2022 | 07:40 GMT
by
Arnab Shome
Retail FX
Breaking: Saxo Bank Terminates SPAC Deal Ending Public Listing Ambitions
The broker initially struck a deal with SPAC in September.
The deal was terminated with its ‘timing’ in question.
Wednesday, 07/12/2022 | 09:08 GMT
by
Arnab Shome
Brokers
FX Trading Demand on Saxo Bank Rises by 7.8% in November
Overall trading activities on the platform surged.
However, demand for commodities and fixed-income instruments plummeted.
Tuesday, 06/12/2022 | 07:15 GMT
by
Arnab Shome
Executive Moves
Saxo UK Onboards Simon Camilleri as New COO
He previously worked at Bank of America Securities for 17 years.
The UK company has made several other appointments recently.
Friday, 11/11/2022 | 11:22 GMT
by
Arnab Shome
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Brokers
Saxo Bank Sees 13% MoM Decline in October’s FX Volume
The figure strengthened by 13.1 percent year-over-year.
Overall trading volume on the platform came in at $432.2 billion.
Thursday, 03/11/2022 | 07:49 GMT
by
Arnab Shome
Executives
Saxo Bank Selects Mads Petersen as Interim CFO as Mette Pedersen Exits
Petersen was the Head of Commercial Finance until the appointment.
Pedersen is leaving after almost two years of serving as the Group CFO.
Monday, 10/10/2022 | 10:24 GMT
by
Solomon Oladipupo
Retail FX
Forex and Equities Push Saxo Bank's Volume 43% Higher in September
The new volume reverses a 3-month consecutive decline in volume.
Saxo Bank's net profit sank 41% in the half-year of 2022.
Thursday, 06/10/2022 | 15:10 GMT
by
Solomon Oladipupo
Brokers
Saxo Bank Tackles Harlequin F.C. into Rugby Sponsorship Deal
The branding of Saxo will appear on Harlequins’ home turf, Twickenham Stoop.
The stadium has a capacity of around 14,800.
Friday, 23/09/2022 | 08:46 GMT
by
Arnab Shome
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