bank. The company renamed to Saxo Bank, named after the Danish Saxo Grammaticus, because there was already a Nigerian bank called Mida operating at an international level. Saxo Bank is a Danish investment bank specializing in online trading and investment. 50 Takeover by Geely edit On, it was announced that Chinese carmaker Geely is going to increase its stake in Saxo Bank.5 if the deal is approved by regulators. "Saxo Bank afviser at Citibank-samarbejde skuffer Finans" (in Danish). Retrieved 27 December 2016. 42 On, Saxo Bank reported that due mainly to negative client balances on which it may not be able to collect, the bank might be forced to take a loss of up to DKK 700 million (about USD 107 million). Following the launch of Citigroup 's CitiFX Pro, an online foreign exchange trading platform developed 5 min binary options trading by Saxo, in November 2008, 19 the Bank would focus entirely on its institutional clients in the.
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However, the Danish FSA ordered an independent investigation of whether trades executed manually and performed on the Bank's electronic trading system are generally being executed in accordance with the Bank's common trading conditions and Best Execution Policy. 49 In March 2017, the UK Financial Ombudsman Service ruled against Saxo Bank in the dispute with the client more than short trading strategy 2 years after the SNB event, stating that the trader has to be compensated by Saxo Bank. 59 In 2013, Tinkoff Bank joined Saxo Bank as title sponsor. "Saxo Bank, Press Release". Saxo Bank rejected that errors are a common thing and claimed that the SaxoTrader has an uptime. In late August, it was announced by the Danish FSA that the investigation would be done by Oliver Wyman, the international consulting company. The two said that they both felt like they had found their business soul mate. The social trading platform features a range of content for traders, such as market news and views, data, insights and trade ideas from Saxo Bank's research teams and VIP authors. "International konsulent skal undersøge Saxo Bank - Finans" (in Danish). It was founded as a brokerage firm in 1992, under the name Midas Fondsmæglerselskab, by Lars Seier Christensen, Kim Fournais and Marc Hauschildt. SaxoSelect edit In the beginning of 2016, Saxo Bank launched SaxoSelect, a new digital investment service. In 20, Andy Schleck finished the Tour in second place.