Saxo Capital Markets Doubles Client Base with Barclays Acquisition

[kreslik.news]

Saxo Capital Markets UK (Saxo), the British subsidiary of Saxo Bank, released its financial results for 2017 this Monday. The firm saw an increase in net revenue but a decrease in post-tax profit resulting from high expenses.

To some degree, the results are surprising. The report indicates that in August of 2017, Saxo acquired 7,300 clients, as well as their cash and assets, from Barclays Stockbrokers.

[url=https://events.financemagnates.com/londonsummit/?utm_source=FM&utm_medium=AUTOLINK&utm_campaign=Article&utm_content=fmls18]Join the Leading Industry Event![/url]

That deal saw Saxo doubling its client base. As such, one would expect that Saxo’s 2018 financial report will look very different from ... (read more)