Huge FX trading rise at Saxo
COPENHAGEN - Saxo Bank has experienced a 320% rise in FX options trading volumes among retail clients globally over the past 18 months, according to a senior official at the bank in Copenhagen.
Edward Voorhees, global head of derivatives at Saxo Bank, said the majority of the growth in volumes has come from European clients, with limited take-up in the US since roll out there last year (FX Week, February 18, 2008). At that time, the bank said that, globally, client trading volumes averaged e160
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