Saxo acquires Nordic E*Trade
COPENHAGEN – Saxo is set to increase its assets under management by $1 billion (Dkr5 billion), through the acquisition of the Nordic arm of E*Trade’s online bank and trading platform.
Saxo said last Wednesday (December 2) that it had signed a definitive agreement to acquire the platform, which will add 50,000 active customers to its base. E*Trade Nordic AB is a subsidiary of US-based E*Trade Financial, with the Nordic business comprising clients based in Denmark, Iceland, Finland, Estonia
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