Saxo’s FX volume growth builds profits

Trading growth has come from white-label partnerships as well as increasing adoption of the platform by institutions, said Lars Christensen, co-chief executive officer of Saxo Bank in Copenhagen. "Institutions have begun taking the system and are now becoming comfortable using it," he told FX Week. "As a result they are putting increasing volumes through it." January was a particularly active month for the firm, which saw a month-on-month increase in FX trading volumes of about 20%, he added