Tag Archives: Saxo Bank

Saxo Bank announces new offshore Renminbi CNH trading facility

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Saxo Bank just announced that it will now allow offshore renminbi trading against the USD. Saxo thus is joining the likes of HSBC and BMO who already allow this type of trading. As we already mentioned few times, it may be a sign of China opening up for retail forex trading in the near future. FX Options and swaps can already be traded onshore.
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TPG Capital buys 30% of Saxo Bank valuing it at $1.87 Billion

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TPG Capital, the private equity firm started by David Bonderman, bought a 30 percent stake in Denmark’s Saxo Bank A/S, and plans to expand the asset manager and online trader in emerging markets, Bloomberg reports.
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Saxo Bank announces H1 2011 results – revenue steady, average monthly volume $232 Billion

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Saxo Bank reported a net profit of DKK 346 million for the first six months of 2011. The result which is in line with expectations represents an increase of 375% over the second half of 2010, and a decrease of …
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Saxo Bank launches Forex Binary Options

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In our recent interview Claus Nielsen, Global Head of trading, hinted that Saxo would launch binary options soon. This didn’t take long and Saxo announced that they will be offering Binary Touch options in six currency pairs.
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High Frequency Low Latency Traders boosted by Chronos and CFN tie up

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High frequency traders using Chronos’s Zardoz platform can now take advantage ulatr low latency trading with the offering of CFN’s Alpha platform. The partnership means Chronos’ sub-five microsecond tick-to-trade algorithmic trading suite, Zardoz, is hosted on CFN’s Alpha Platform™.
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Saxo Bank and Leverate publish official statement about the investment, launch www.saxoleverate.com

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This announcement today confirms what was already published yesterday on Forex Magnates. Forex Magnates was able to confirm that few days ago Saxo Bank acquired 25% of Leverate (as officially confirmed below) for an estimated $12.5 million (not confirmed by either company).
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Saxo Bank acquires 25% of Leverate for $12.5 million

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This is probably one of the biggest news this year: Saxo Bank, one of the largest global forex brokers, has just acquired a 25% stake in Leverate, one of the largest MT4 and other forex software and integration providers. Details …
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Saxo is expanding with average client deposit reaching 50K USD – Claus Nielsen, Global Head of Trading

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As Global Head of Trading at Saxo Bank, Claus Nielsen manages a team of 55 professionals operating out of their Copenhagen and Singapore offices. The team handles the risk and flow in all the different asset classes, including FX, interest …
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Saxo Bank adds stock and commodity indices to ForexTrading.com offering

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Saxo Bank which only recently rebranded forextrading.com as its retail offering ($2,000 minimum as opposed to the usual $10,000 deposit minimum) is now adding more stock and commodity indices to the available offering. Saxo Bank just recently announced its exit …
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CitiFX Pro to service US clients of Saxo Bank

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As July 15th is itching closer all foreign banks will have to stop accepting US clients. Largest of them all (in terms of US clients) was dbFX which decided to stop serving US retail forex clients and transferred some of …
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