Saxo Bank
Financial Services Company and Company
Overview: Dollar tumbles further in wake of Fed minutes...partly offset by disappointment at a 0.6 per cent drop in durable goods orders in October. Nick Beecroft, senior FX consultant at Saxo Bank, said the day's data offered "glimmers of hope, shards of light amid some gloom, but nothing... In this article: US, Danske Bank, Federal Deposit Insurance Corp, Federal Reserve, Saxo Bank, and S&P 500 |
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Yahoo! News | 1 day ago
Astana get ProTour green light, Lampre refused (AFP)
...of administrative and financial criteria. In recent months, Astana was one of five teams - along with Caisse d'Epargne, Euskatel, Saxo Bank and Sky - to have failed their first assessment. All have since fulfilled their obligations,...
In this article: Lampre, Astana, Astana, Agence France Presse, Alberto Contador, All rights reserved, Tour de France, and Damiano Cunego
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MarketWatch | 1 day ago
Bundesbank sees more write-downs at German banks
...July 2010, WestLB said in a statement. The situation at WestLB is "extremely important," said Christian Tegllund Blaabjerg, chief equity strategist at Saxo Bank. A The action you requested requires a MarketWatch Community display name.
In this article: Deutsche Bundesbank, WestLB AG, Balance sheet, US, Frankfurt, Germany, and MarketWatch
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MarketWatch | 1 day ago
Indications: Stock futures extend gains after data
...growth and the fact that interest rates will remain low in 2010," said Christian Tegllund Blaabjerg, chief equity strategist at Saxo Bank. In the minutes from its latest meeting, the Federal Reserve revised up its growth projections for...
In this article: Federal Reserve, Dow Jones Industrial Average, U.S., Wall Street, NEW YORK, Futures contract, Natural gas, Unemployment, University of Michigan, and American Petroleum Institute
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MarketWatch | 2 days ago
Latin American Markets: Mexico, Brazil stocks lower on China, U.S. worries
...equities fell as much as 8% in Asia on new efforts by Chinese regulators to crack down on banks' capital-reserve ratios," analysts at Saxo Bank wrote in a note early Tuesday. The broker said the move by China was "an attempt to...
In this article: China, Mexico, Inflation, Vale, Brazil, United States, Revenue, Bovespa, and Bovespa
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WSJ.com: Markets | 3 days ago
Risk Assets Are Back in Favor
...investments from a non-negligible risk of a U.S. debt and currency crisis," said Ole Hansen, Manager for Futures and Fixed Income at Saxo Bank. What was generally missing from all analysis was a sense that this revived surge in demand for...
In this article: Asset, Commodity, The Fed, U.S., Inflation, New York, and Unemployment
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WSJ.com: Markets | 3 days ago
Gold Jumps to Fresh Record High
...shield investments from a non-negligible risk of a U.S. debt and currency crisis," said Ole Hansen, manager for futures and fixedi ncome at Saxo Bank. Investors moved back into riskier assets after Federal Reserve Bank of St. Louis President...
In this article: Commodity, U.S., Currency crisis, Copper, and David Einhorn
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Reuters | 6 days ago
FOREX-Dollar, yen hold gains; high-yielders still bruised
...are still generally on the weak side but there's been very little activity in the markets," said Andrew Robinson, FX market strategist at Saxo Bank in Singapore. "There are still some buyers on dips on the risk currencies but not to the...
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CNN | 7 days ago
Gold retreats from record
...of November, the correction could be short-lived. "We more or less made new highs every single day over last few weeks," said Saxo Bank senior manager Ole Hansen. "We will have to have a few days failing to make new highs before...
In this article: Silver, Derivative, Recession, Inflation, Ruthenium, Rhodium, Platinum, and Palladium
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More on Saxo Bank
Description from Wikipedia:
Saxo Bank is a Danish online investment bank. It was founded as an online broker in 1992, under the name Midas Fondsmæglerselskab by Lars Seier Christensen, Kim Fournais and Marc Hauschildt. The name was changed to Saxo Bank at the time the bank obtained its banking license in 2001. Saxo Bank offers capital markets trading through its online trading platform, SaxoTrader, in instruments such as Forex, Stocks, CFDs, Futures, Funds and Bonds. Private Wealth Management services are also offered. According to the bank, roughly two-thirds of the Bank's activities are derived from partnerships with banks, brokerage firms, FCMs and institutional trading partners. One will not find Saxo Bank branches in Denmark or elswhere, as no traditional banking products are offered. The bank is, so to speak, an online broker with a bank license, and customer funds are held by other banks.
Internationally, Saxo Bank is world renowned for its success in exploiting new business opportunities offered by the Internet. In Denmark's financial community Saxo Bank remains highly controversial, with its founders' documented history in so-called bucket shops and media stories on fictive market rates on the SaxoTrader. Saxo Bank currently employs almost 1100 employees. In September, 2008, Saxo Bank fired about 340 employees, for purely rational purposes. According to the Danish newspaper Boersen, at the same time the bank was accused of repeated manipulation with its Wikipedia article. The story attracted some media and blogger attention in Denmark.
- Name:
- Saxo Bank A/S
- Type:
- Private
- Location:
- Copenhagen, Denmark
- Founded:
- 1992
- Industry:
- Finance
- Key People:
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- Eric Rylberg, Chief Executive Officer
- Kim Fournais, Chief Executive Officer
- Henrik Thufason, Chairman
- Lars Seier Christensen, Chief Executive Officer
- Florian Wendelstadt, Vice-Chairman
- Products:
- Investment Banking
- Revenue:
- DKK 2,518 Million (2008)
- Net Income:
- DKK 339 Million (2008)
- No. of Employees:
- 914 (May 2009)
- Motto:
- Serious Trading. Worldwide.
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