Tag Archives: saxo

Saxo Bank's license is under threat following a Portuguese client's lawsuit

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It seems that two days can’t go by after I’ve finally flattered Saxo Bank and them being accused of something that may actually prevent me from eating my hat (Chris – take your hat back in the meanwhile). Danish press …
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FXCM scores another East European client: Patria Forex

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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 …
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Saxo Bank expands in the Nordic region

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“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 …
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Saxo Bank acquires a software provider; to step up platforms development

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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 …
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FXCM takes initiative as TradeCommander comes to a halt

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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 …
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Saxo pull the plug on TradeCommander

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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 …
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OANDA opens a Dubai office, follows FXCM and Saxo Bank

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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 …
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21.08.2009 – Forex Magnates weekly roundup: Saxo, Alpari, Easy Forex, IBFX and more

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

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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 …
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Monthly Retail Forex Volume report for July, 2009 – $118 billion daily traded volume

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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 …
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Digital Currencies

Executive Moves

Startups & New products

LMAX Exchanges Investigates Bitcoin Trading While FXOpen Goes ‘All In’

Stating that they "believe digital currencies are here to stay", LMAX Exchange COO, Scott Moffat provided an update on his firm's interest in bitcoins and...

eGifter Now Offering Incentives for Payments Via Crypto Coins

You may remember last year New York-based eGifter, the popular electronic gift provider, began offering customers in September the choice to pay with Bitcoins, whilst...

Tokyo District Court Commences MtGox Bankruptcy Proceedings, Appoints Trustee

MtGox has today issued a document on its website from attorney Nobuaki Kobayashi. It states the Tokyo District Court’s order to commence bankruptcy proceedings, his appointment...

More Digital Currencies

Executive Vice President Joseph Wald Leaves GTX, GAIN Capital’s Institutional Division

Recruited only a year ago to lead the institutional business of GAIN Capital and "achieve our goal of becoming a market leading ECN in the...

kantox

Kantox Partners with FX Industry Veterans to Form European Advisory Board, CEO Comments

Co-founder of the The UK-based firm which operates a unique dual model, tells Forex Magnates that the company 'brings light to an opaque market', following...

Michael Quirk, Ariel, Head of Global Software

Michael Quirk Joins Ariel As Head of Global Software Sales

Michael joins Ariel from X Open Hub where he was Manager of Institutional Sales for over a year. Prior to that, he spent four years...

More Executive Moves

New Product Spotlight

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IG Markets the Latest Broker to Launch Web TV After Dukascopy and Saxo TV

Former Bloomberg and BBC presenters Jeremy Naylor and Sara Walker, will be the faces behind IG’s newest marketing initiative as it challenges other well known players in the field of broker-run web TV.
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OANDA Launches Retail FX Tools Marketplace, Forex Magnates Reviews

OANDA opens a Marketplace featuring apps, training, and MT4 plugins developed by the broker and its partners to provide its clients with vetted tools and services. Forex Magnates reviewed the new offering.
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