Saxo Bank gains French foothold
"Contracts-for-differences have only just been introduced in the French market, with its legal standing arriving through the implementation of Mifid [the Markets in Financial Instruments Directive] last November," said Albert Maasland, Saxo Bank's European chief operating officer, who is based in Copenhagen. "We believe that there is enormous opportunity to develop a huge CFD market in France."
The deal, subject to regulatory approval, extends an existing relationship between the Danish bank and
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