Saxo Bank

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Saxo Bank
SaxoBank.jpg
Founded 1992
Headquarters Copenhagen, Denmark
Key People Lars Christensen, Kim Fournais, co-CEOs
Employees 1,300 +

Saxo Bank is a Danish Internet bank, exclusively involved in trading and investment in forex, Contract for Difference (CFDs) stock derivatives, futures and managed funds. It caters to the professional high-net-worth investor who invests in multiple asset classes.

It is headquartered in Copenhagen, with operating offices in London, Geneva, Zurich, Singapore and Marbella. It also runs a representative office in Beijing and an IT development centre in St Petersburg.

Trading at Saxo Bank is primarily done through its online platform SaxoTrader. SaxoTrader provides market access – in 23 languages – to trade currencies, stocks, commodities, futures, options and a full range of derivatives including CFDs.

Saxo Bank offers online trading, portfolio and wealth management. It has more than 105 White Label Partnerships with institutions that would traditionally be seen as competitors but who have collaborated with Saxo Bank to provide their clients with access to global foreign exchange markets via a customised online platform.

Saxo recently launched an algorithmic trading application, TradeCommander, which targets serious traders who want to develop their own strategies, back-test them, and trade accordingly.[1]

History

Founded in 1992 by joint CEOs Lars Christensen and Kim Fournais, Saxo Bank officially attained European bank status in June 2001.

Products and Services

In June of 2008, Saxo Bank launched contracts for difference (CDFs) to lower the barriers of entry for their customers wanting to invest in the energy, metals, soft commodities and grains markets. [2]

Key People

References

  1. About Us. Saxo Bank.
  2. Saxo Bank lowers barriers for entry with launch of commodity CFDs. Energy Risk.