Saxo Bank

Saxo Bank

Saxo Bank A/S that received $127 million investment from private equity firm General Atlantic Partners LLC in June 2005 is a Copenhagen, Denmark-based investment bank specializing in 24-hour online access to the global capital markets.

It’s internally developed trading platform, SaxoTrader, offers the whole suite of investment banking products including Foreign Exchange spot, forwards and options, futures, precious metals, physical stocks, Contract for Difference (CFD’s) and bonds, as well as offering professional portfolio and fund management.

Saxo Bank has developed four specialised trading platforms. The browser-based SaxoWebTrader; the downloadable SaxoTrader and the SaxoMobileTrader, a mobile phone trading platform. All are fully integrated under one account, while the SaxoMiniTrader is the starter account. The platforms are available in over 20 languages. Saxo Bank also recently launched an algorithmic trading application, TradeCommander, for traders keen to develop strategies, back-test them, and trade accordingly.

Saxo Bank's services offered to clients across 180 countries are categorized into 3 areas, namely Private Clients, Institutional and Private Wealth Management.

Private Investor services focus on enabling individuals to trade in the different financial instruments online.

Institutional services include institutional trading services, introducing brokers and White Label Partnerships (WLP).

Private Wealth Management is a relatively new growth segment for the bank.

Saxo Bank expanded its physical presence overseas for the first time in 2006 with branches opening in London, U.K. and Singapore. This was followed by offices in Geneva, Zurich, Tokyo, Prague, Milan and Dubai and a representative office in Beijing.

In 2007, Saxo Bank announced the friendly acquisition of Swiss Synthesis Bank, which has now become Saxo Bank Switzerland. This was followed by the launch of Saxo Banque France and a new Paris office in 2008.

Saxo Bank currently employs more than 1000 people from 40 countries to service its clients globally. 

Saxo Bank’s service excellence has been recognised globally, evident from the awards that it has received over the years from the industry’s leading publications, such as FX Week, Euromoney, Profit & Loss and World Finance. In 2008 for instance, Saxo Bank received the Best Retail Platform award from Profit & Loss magazine and, for the fourth year in a row, from FX Week. With a big list of respectable rewards and recognitions, Saxo Bank exceeds client and industry expectations for pricing, service and technology.