 | |
| Company type | Private |
|---|---|
| Industry | Brokerage firm, banking, trading, investment fintech |
| Founded | 1992 |
| Founder | Kim Fournais Lars Seier Christensen Mark Anthony Hauschildt  |
| Headquarters | Copenhagen, Denmark |
Key people | Lone Fønss Schrøder, Chairman (Chairman) Henrik Normann (Vice-Chairman) Kim Fournais (CEO & Founder) Lars Seier Christensen (Founder) |
| Products | Investment Banking, trading platforms, online trading and investment |
 USD 636.28 million (2020) | |
| USD 110.56 million (2020) | |
| Total assets | USD 11,613.68 billion (2020) |
| Total equity | USD 1,090.99 billion (2020)[1] |
Number of employees | 2,224 (2020) |
| Website | www |
Saxo Bank is a Danish investment bank specializing in online trading and investment. It was founded as a brokerage firm in 1992, under the name Midas Fondsmæglerselskab (English: Midas Stockbroker Company), by Lars Seier Christensen, Kim Fournais, and Marc Hauschildt.[2] The name was changed to Saxo when the company obtained a banking license in 2001. Saxo offers trading through its online platforms in Forex, stocks, CFDs, futures, funds, bonds, and futures spreads.[3] The company functions as an online broker with a bank license, without offering traditional banking products. According to Saxo, roughly half of its activities are derived from partnerships with institutional trading partners. More than 100 financial institutions globally service their end clients with Saxo Bank's platforms on a white-label basis[4]
Saxo Bank is headquartered in Copenhagen, but also has offices in financial centres such as London, Paris, Zürich, Dubai, Singapore, India, and Tokyo. According to the bank, it has clients in 180 countries,[4] and has a daily average turnover of approximately US$12 billion.[5]
Saxo Bank is known for its success in online trading and investment and has received a number of awards. Domestically the bank is also known for its two founders who are often outspoken on Danish politics. Revenue reached DKK 3,006 million in 2014 delivering a net income of DKK 381.2 million. It has a staff of 1600.[6]
Saxo Bank has launched several white-label partnerships with banks such as Standard Bank, Old Mutual Wealth, Banco Carregosa and Banco Best. [7]
- ^ Annual report 2020 Saxo Bank
- ^ Brokerage House investorwords.com [dead link]
- ^ "Saxo Introduces Futures Spread Trading". Forex Broker News. Retrieved 18 February 2014.
- ^ a b "Meet Your Global Online Investment Bank". Saxobank.com. Retrieved 30 April 2022.
- ^ "Transparency". Retrieved 9 July 2016.
- ^ "China's Geely to take control of Denmark's Saxo Bank". Reuters. 2 October 2017. Retrieved 5 October 2017.
- ^ "Institutional and Partners | Saxo Group". Markets.saxo. Retrieved 30 April 2022.