Breaking: Saxo Bank Clears Two More SNB-Aftermath Cases

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Breaking: Saxo Bank Clears Two More SNB-Aftermath Cases

Postby kreslik.news » Thu Sep 14, 2017 10:07 am


Multi-asset brokerage, Saxo Bank has again been cleared of two more cases by the Danish Maritime and Commercial High Court following the events of January 15, 2015. The cases stem back to the unexpected move by the Swiss National Bank (SNB), which removed the exchange floor under the EUR/CHF, convulsing FX markets and resulting in a sizable move for CHF pairs.

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Saxo Bank’s Group CFO, Steen Blaafalk reiterated to Finance Magnates, “It was regrettable ... (read more)

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