What we do
Saxo Bank is a fully licensed and regulated European investment bank specialising in online trading and investment. The Bank provides a wide range of products and platforms, giving private clients, institutions, banks and brokers instant and reliable access to financial markets. Saxo Bank provides its client base with access to over 160 FX crosses (including gold and silver), more than 7,000 CFDs, Futures and other asset classes, as well as portfolio and fund management solutions. Saxo Bank’s trading platforms are offered to Introducing Brokers and financial institutions, and are also rebranded and customised for its White Label business.
Profile
Established in 1992 and headquartered in Copenhagen, Saxo Bank was among the first financial institutions in the world to develop an internetbased information and investment trading platform. From the outset, the Bank emphasised technology as a vital element for being competitive in the online trading industry. With a worldwide client base, Saxo Bank has been recognised for the excellence of its technology and the services it provides.
Saxo Asset Management
Saxo Bank offers professional portfolio management to high-net-worth individuals and institutions. The acquisition of Sirius, Capital Four and a 51% stake of Global Evolution marked a new era for the Bank in the area of Asset Management and secured a stronger Nordic presence in portfolio management. Saxo Properties was formed in early 2010 offering both highnetworth clients and institutional investors property investment products. CPH Capital, a new specialised Equity team launched to strengthen and further develop the equity-related service offering tailored to institutional investors is the latest addition to Saxo Asset Management.
Financial results
Saxo Bank's operating income increased 6% in 2011 to reach DKK 3.53 billion, compared to DKK 3.34 billion in 2010. The Bank continued to invest in developing the business which meant that staff costs and administrative expenses increased 12%. Thus, net profit was DKK 618 million, down 4% from the previous record year.
Business model
The best description of Saxo Bank’s traditional business model is that of a facilitator. The bank offers products and services provided by third parties and offers access through its online trading platforms. These are Saxo- WebTrader, SaxoTrader and SaxoMobileTrader. Saxo Bank’s business model relies to a certain extent on brokers and financial institutions who have a direct relationship with the client. They delegate the work of the operation and trade execution to Saxo Bank.