Brokers News 

After Bumpy August, Saxo Volumes Back to Normal

“For fixed income, the difference in trading volumes was negligible, with the broker reporting total trading volumes of $13.1 billion in August and $13.2 billion in September” writes David Kimberley for financemagnates.com. Retail broker Saxo Bank released its trading volumes for September on Monday.Saxo Bank reported a total currency trading volume of $118.6 billion last month, a 15 percent decline on August’s $139.1 billion.Back in August, Saxo Bank reported a trading volume of $43.3 billion in the commodities markets.In August, Saxo Bank reported $87.4 billion in stock trading. Source: financemagnates.com

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News 

Alm. Brand marks rise in number of customers after acquisition of Saxo Privatbank in 2018

“Including former Saxo Privatbank customers, the number of Pluskunder increased by 34% and has now exceeded 21,000 customers measured in terms of households” reports financefeeds.com. A year ago, Saxo Bank announced the sale of Saxo Privatbank, a fully licensed retail bank with branches across Denmark, to Alm.Brand reported strong growth in new lending, and the number of Pluskunder (customers who have pooled all of their business with the bank) was up by 13% in 2018, not including former Saxo Privatbank customers.The integration of the Saxo Privatbank activities was fully completed…

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Markets News 

Exclusive: Diya Patel Joins Scope Markets as CFO

“At Scope Markets, a global foreign exchange (forex) and contracts for difference (CFD) broker, Patel will user her experience and vision to drive global growth for the foreseeable future, the company said” writes Celeste Skinner for financemagnates.com. Patel brings a vast amount of experience within finance and regulation to her new position. Source: financemagnates.com

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News 

Saxo Bank’s OpenAPI to introduce changes concerning order ID

“In January, Saxo Bank is set to introduce a change whereby an order will retain the same order id, even if the order is filled over several exchange sessions” reports financefeeds.com. This change is poised to make it easier to keep track of an order and the position or positions created as the result of the order being filled.Unless developers are keeping their own records between orders places and positions created, this change should not have any implications for them. After the change was implemented, the API started operating with…

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Brokers News 

Top Five Executive Moves in the Forex Industry for 2018

“During the year, Finance Magnates has been diligent in reporting all of the key executive moves that occurred” writes Celeste Skinner for financemagnates.com. As can be expected, this has led to some big executive moves within the industry.The next big move for 2018 comes from Pepperstone Group, an Australian online retail forex broker that specialises in forex trading.In terms of monthly trading volume, IG Group topped 2018 as the largest broker in the forex sector. Source: financemagnates.com

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Brokers GBP News 

Brokers Reduce Leverage in Preparation for Brexit Vote

“Brexit, the story that never dies, is having a real impact on brokers this week” writes David Kimberley for financemagnates.com. More steps, akin to those above, are likely to be taken by brokers in the next 24 hours as they attempt to reduce the impact of any fallout from a Brexit vote. After the last big Brexit vote took place in June of 2016, there was a squeeze on liquidity that meant brokers struggled to meet their customers’ demands.The broker said that, starting at 10:00 am on Monday morning, it…

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News Platforms Stocks 

Saxo Bank rolls out new platform SaxoInvestor

“Saxo Bank, an expert in fintech, multi-asset trading and investment, has earlier today announced the launch of SaxoInvestor, a new user-friendly and simpler platform tailored to the growing segment of investors” reports financefeeds.com. The platform provides access to cash products solely and has a new feature called investment themes.The platform is initially rolled out in Denmark with the international launch planned for the first quarter of 2019.The platform aims to give the growing investor segment the opportunity to build long-term portfolios across stocks, bonds, mutual funds, ETFs, and SaxoSelect portfolios.The…

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Markets News 

Saxo Bank’s Morning Call has new interactive format

“Viewers are able to watch the team discussing market movements live via Facebook from Saxo Bank headquarters in Copenhagen” reports financefeeds.com. The Morning Call features real-time analysis from Saxo’s strategy team on the key factors, trends, and movements occurring in Forex, equities, commodities, and in fixed income markets. Source: financefeeds.com

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Markets News Regulators Stocks 

The stage is set for a ‘violent’ drop in stocks, says Saxo Bank

“Elsewhere, Asia stocks generally rose even as fresh U.S. and China tariffs kick in, while Europe stocks SXXP, -0.09% are up modestly” writes Markets Reporter for marketwatch.com. And it could muddy the waters for those wondering whether to dive into the longest bull market on record.They’ve got a laundry list of reasons why it is too soon to seek out those far-flung stocks.To be sure, there are plenty of emerging-markets haters out there, which some could be a reason to dive in. Source: marketwatch.com

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