Saxo Bank Bucks Industry Trend, Reports Slump in First Half Earnings
Posted: Wed Aug 15, 2018 10:17 am
Saxo Bank, a multi-asset brokerage, has published its interim report for the first half of 2018 on Thursday. At odds with the strong performance seen by many forex brokers so far this year, the broker reported a slump in earnings during the six months ended June 30, 2018.
During the first half of the year, Saxo Bank experienced a loss in nearly all of its key areas. The broker has attributed this loss to the implementation of its new pricing structure.
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