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FXCM and Saxo have been battling it out for the European dominance in the past few years, more increasingly in 2009. Saxo’s battle is lost, if you ask me, despite opening a few Eastern European offices lately. Not only the US brokers should fear the latest CFTC requirements but also their European colleagues – when [...]

“Canary Wharf, London (PRWEB) December 6, 2009 — Saxo Bank, the specialist in online trading and investment, has announced that it has entered into a definitive agreement to acquire E*TRADE International’s local Nordic online trading business and online bank from E*TRADE Nordic AB, an indirect subsidiary of US-based financial services company E*TRADE FINANCIAL Corporation. The [...]

Saxo Bank announced that it has acquired a 40% stake in Initto, an IT services provider with offices in India and Ukraine to speed up the development of its trading systems.
I guess this means that Saxo Bank is finally stepping up its software development pace. Saxo’s platform hasn’t really changed much in the past few [...]

Recently, I posted an article outlining the disappointing news that Saxo Bank won’t be suppoting their TradeCommander autotrading software any longer. This didn’t pass by FXCM without them noticing, and they’ve now decided to capitalise on this. As a result they’re informing their clients of their own offerings…
Quoting FXCM:
“I learned that Saxo bank will be [...]

On 1 October 2009 TradeCommander will be suspended indefinitely and removed from Live and Simulation SaxoTrader platforms.
Quoting Saxo, “At 0800 GMT (1000 CET) on 1 October, all running systems will be stopped. Therefore Clients with active trading systems should stop these systems (and if they wish, export/save/print them) before the end of September 2009. Open [...]

I wrote about the importance of presence in Dubai a few months ago. FXCM and Saxo Bank have opened offices there a few months ago and it seems that every broker that intends to grow its business it looking in that direction. It is interesting to see OANDA the low-profile, high-volume broker is making a [...]

Saxo Bank’s profit tumbles 66%, assets grow by 2%

The Securities and Exchange Commission and the Commodity Futures Trading Commission (CFTC) today announced that the two regulatory agencies will hold joint meetings to seek input from the public on harmonization of market regulation. President Barack Obama in June called on the two regulators to recommend changes to [...]

Saxo Bank just reported its financial results for the first half of 2009, profits are down, assets are up amid lower trading volumes.
At the bottom line Net Profit tumbled 66% from 120,921,000 DKK in the first half of 2008 to 41,011,000 DKK (~$ 7.4 million) in the first half of 2009. Total assets increased by [...]

This month, like every month, I’m releasing a monthly online retail Forex volume survey. The report I released in May estimated the total daily volume at over $105B. June’s report estimated the volume at $128B, the increase was mainly due to several more brokers being added to the list.
This month there aren’t any significant changes to [...]

Strategy Runner Ltd, the pioneer and leader in advanced trading solutions for active, professional traders, announced today that they are now fully-supported by Advantage Futures, the pre-eminent clearing firm for demanding professional and institutional traders. It also announces the launch of its trading competition suite., traders experience live trading excitement on the premier trading platform for active [...]