Saxo Bank

Annual Revenue Estimate: $500m+

AUM: $0-$100m

Email Convention: NA

Overview

Overall Ranking (NA)

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The number you see in the middle of the donut pie chart is the simple average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few reviews). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset.

The Overall Ranking is generated based on the Company Reviews.

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Company Details

Saxo Bank is an Danish investment bank. It was founded as a brokerage firm in 1992, under the name Midas Fondsmaeglerselskab, by Lars Seier Christensen, Kim Fournais and Marc Hauschildt. The name was changed to Saxo when the company obtained a banking license in 2001. Saxo offers trading through its online platform SaxoTrader in Forex, stocks, CFDs, futures, funds, bonds and futures spreads. Private wealth management services are also offered. According to Saxo, roughly two-thirds of its activities are derived from partnerships with institutional trading partners. The company functions as an online broker with a bank license, without offering traditional banking products.

Internationally, Saxo Bank is known for its success in Internet brokerage and has received a number of awards. Domestically the bank is also known for its two founders who are often outspoken on Danish politics. Following a record income and profit in 2008, the bank's net profit ended at DKK 201 million in 2009 with 80% earned in the second half of the year.

In August 2010, the bank's half-year results revealed a net profit of DKK 551 million, which is more than any other full year results in Saxo Bank's history. Following the half-year results, rumours emerged that part of the bank is up for sale. Following its record 2010 results, Saxo Bank holds a market value of about DKK 20 billion, according to media reports.

Since late 2010, Saxo Bank has launched several joint White Label solutions with industry giants such as Microsoft, Barclays Stockbrokers Ltd., the financial services company, and TD Waterhouse, UK's leading execution-only brokers

Locations

Location

London

See in Google Maps

40 Bank Street, Canary Wharf, London, United Kingdom

+44 (0)20 7151 2100

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