gersegal's  Instablog

Send Message
Gerald Segal is a Managing Director at LeapRate, which provides analysis of the Online Forex Trading world. Gerald's reports are a leading source of information on the size, growth and regulation of the Online Forex industry. Prior to founding LeapRate Gerald was an investment banker for 18... More
My company:
My blog:
LeapRate's Forex Industry News
  • Saxo Bank 2011 Results – FX Volumes Up, But Revenue Down 0 comments
    Mar 8, 2012 2:41 PM | about stocks: FXCM, GCAP, FX, KCG, CME, IGGRY, SWQGF, TRAD, ETFC, SCHW, AMTD

    Indicative of industry-wide decreasing FX spreads.

    Saxo logoLeading FX brokerage firm Saxo Bank (a member of LeapRate's Approved List) announced today its results for 2011. Saxo Bank clearly bucked the trend of decreasing FX volumes seen at other Forex firms, reporting that FX volumes rose to $275 billion per month (in 2H-2011), up from $222 billion in the first half of the year (green bars below). And although FX volumes were up nicely, revenues from FX activities fell from $238 million in 1H to $211 million in 2H-2011 (blue bars).

    Other interesting notes from Saxo's new annual report include:
    ▪ CFD volumes $45 billion / month
    ▪ pips-per-trade fall to 2.55, a multi-year low
    ▪ Saxo Bank getting ready to launch MT4

    For more details see LeapRate's Forex Industry News at

    Is your Forex firm LeapRate Approved b

Back To gersegal's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.