Saxo Bank launches new suite of free Forex widgets

Tue, 09 Nov 2010 13:59:38 GMT

Saxo Bank, the specialist in online trading and investment, is launching a new Forex Content Sharing Program, with a suite of freshly-designed Forex widgets that bring real-time FX prices, charts and commentary, to any website or blog.

The new Saxo Bank Forex widgets are 'mini web pages' that add live, continually updating FX content to a website. Seven customisable web widgets, including a Forex Quote List, Currency Converter, Forex Ticker, real-time Forex Chart, Economic Calendar, Price Alert and Market Call videos, are now available to webmasters and bloggers who register as Content Sharing Partners. Each widget is based on Flash components, making it simple to add them to any platform, including Facebook, Wordpress and Blogger.

Widgets are becoming increasingly popular as internet tools, and the new Forex tools from Saxo Bank will allow users to add live Forex content to any website, whether it's a financial site, an FX trading blog or a travel site offering its customers real-time currency conversions.

Adrian Coxon, Saxo Bank's Global Head of Online Marketing, commented, "With our Content Sharing Program , Saxo Bank is making it easier than ever for a variety of websites to add Forex information that will be relevant and useful to their visitors."

"All of our widgets have been re-designed for today's blogs and websites," Coxon added, "and we're particularly excited to be adding streaming video with Market Call, which delivers video updates from Saxo Bank's renowned Forex analysts directly to our Partner's websites."

The financial widgets are available to webmasters through the Saxo Bank website, so that they will be able to implement them with their own website or blog. Once the blogger or site owner has registered as a Content Sharing Partner, they can then customize the widgets and place them onto their site within minutes.

About Saxo Bank
Saxo Bank is an online trading and investment specialist, offering Forex and CFD Trading as well as Stocks, Futures, Options and portfolio management services. The leading online platform, SaxoTrader, is available directly through Saxo Bank or through one of the Bank's global partners. White label Partnerships are a significant business area for Saxo Bank and involves customised branding of the Bank's online trading platforms for other financial institutions and brokers. Saxo Bank has more than 120 White Label partners and serves thousands of clients in over 180 countries. Saxo Bank is headquartered in Copenhagen with offices in Australia, China, the Czech Republic, France, Greece, Italy, Japan, the Netherlands, Singapore, Spain, Switzerland, UK, and the United Arab Emirates.

Saxo Bank releases new monthly equity research on value stocks in tradingfloor.com

Thu, 02 Sep 2010 14:50:43 GMT

Saxo Bank, the specialist in online trading and investment, has launched a new monthly equity research publication entitled "Global Value Equity Strategy" focused on highlighting the most undervalued stocks from around the world. It will appear each month on the Equities section of www.tradingfloor.com.

The "Global Value Equity Strategy" will highlight a value portfolio on 30 of the most undervalued stocks from around the world according to a proprietary equity screening model. Each issue of the publication will included back testing results and performance evaluation of the live portfolio.

"One of the many advantages of such a value strategy is that the investment horizon is longer, usually one year or more, eliminating short-term volatility currently prevalent in equity markets," said Christian Blaabjerg, chief equity strategist at Saxo Bank. "Equity related investment letters are widely distributed on the Internet nowadays. Few of them, however, focus on undervalued securities."

The "Global Value Equity Strategy" report includes a brief introduction to value stocks, how to recognize them and why investing in them is likely to generate superior returns compared to widely used benchmarks. The phrases "growth stocks" and "value stocks" appear fairly often in financial reports and publications and the "Global Value Equity Strategy" explains that a growth stock is a company, often large and well-known, which has generated high and stable earnings growth over a longer period of time. Investors tend to value such stocks higher as they extrapolate historical growth into the future. The problem is that only few stocks are able to maintain such earnings growth for a long time and competition typically results in a slowdown, eroding margins and market share for growth companies. This seems to explain why they tend to be inferior investments.

In backtesting from the start of 2006, the Saxo Bank Global Value Equity Strategy outperformed its benchmark index by far in 15 out of 18 quarters, even when dividends are excluded.

About Saxo Bank
Saxo Bank is an online trading and investment specialist, enabling clients to trade Forex, CFDs, Stocks / Equities, Futures, Options and other derivatives via SaxoWebTrader and SaxoTrader, the leading online trading platforms. SaxoTrader is available directly through Saxo Bank or through one of the Bank’s global partners. White label is a significant business area for Saxo Bank, and involves customised and branding the Bank’s online trading platform for other financial institutions and brokers. Saxo Bank has more than 120 white label clients and boasts thousands of clients in over 180 countries. Saxo Bank is headquartered in Copenhagen with offices in Australia, China, the Czech Republic, France, Greece, Italy, Japan, the Netherlands, Singapore, Spain, Switzerland, UK, and the United Arab Emirates.

Saxo bank launches new suite of free Forex widgets

Fri, 02 Jul 2010 16:22:06 GMT

Forex Trading widgets are 'mini web pages' which add live, continually updating FX content to a website. Seven customisable web widgets, including a Forex Quote List, Currency Converter, Forex Ticker, real-time Forex Chart, Economic Calendar, Price Alert and Market Call videos, are now available to webmasters and bloggers who register as Content Sharing Partners. Each widget is based on Flash components, making it simple to add them to any platform, including Facebook, Wordpress and Blogger.

"Widgets are becoming increasingly popular as internet tools. Ours allow users to add live Forex content to any website, whether it's a financial site, an FX trading blog or a travel site offering its customers real-time currency conversions," said Adrian Coxon, Saxo Bank's head of Online Marketing."With our Content Sharing Program, Saxo Bank is making it easier than ever for a variety of websites to add Forex information that will be relevant and useful to their visitors."

"All of our widgets have been re-designed for today's blogs and websites," Coxon added, "And we're particularly excited to be adding streaming video with Market Call, which delivers video updates from Saxo Bank's renowned Forex analysts directly to our Partner's websites."

In addition to Market Call, Saxo Bank's suite of Forex widgets include;
- Forex Quotes List, with live prices for 160 currency crosses
- Currency Converter, offering real-time global exchange rates
- Forex Ticker, with live, scrolling FX bid/ask prices
- Forex Charts, which allows visitors to choose from a variety of real-time chart types and technical analysis studies
- Economic Calendar, displaying the week's important Forex and financial events
- Price Alerts, allowing visitors to set up e-mail trading alerts based on live prices of their favorite Forex currencies

Webmasters can get the widgets for their website or blog by visiting the Saxo Bank website and registering as a Content Sharing Partner. Once sign-up is completed, the customized widgets can be placed on any website within minutes.

About Saxo Bank
Saxo Bank is an online trading and investment specialist, offering Forex
and CFD Trading as well as stocks, futures, options and portfolio management services. The leading online platform, SaxoTrader, is available directly through Saxo Bank or through one of the Bank's global partners. White label Partnerships are a significant business area for Saxo Bank and involves customised branding of the Bank's online trading platforms for other financial institutions and brokers. Saxo Bank has more than 120 White Label partners and serves thousands of clients in over 180 countries. Saxo Bank is headquartered in Copenhagen with offices in Australia, China, the Czech Republic, France, Greece, Italy, Japan, the Netherlands, Singapore, Spain, Switzerland, UK, and the United Arab Emirates.

Saxo Bank launches Forex Education programme on Facebook

Fri, 04 Jun 2010 11:38:09 GMT

Saxo Bank has announced the addition of a Forex Trading Education tab to its Saxo Forex fan page on Facebook, allowing traders of all experience levels to enhance their Forex trading knowledge and gain new insights into the psychology of trading.

Facebook has over 400 million users worldwide, and a growing number of companies are moving to the platform to educate and communicate with customers. The Saxo Forex Facebook page has seen a rapid growth in number of 'fans', Facebook’s term for users who show interest in the company and automatically receive all updates of the page. Since its launch in February the page has attracted over 5,500 fans, a large percentage of whom read new posts and follow discussions on a daily basis. The page enables users to participate in Forex trading discussions and stay informed of upcoming events, such as seminars.

Many Facebook users with little trading background discovered the page as well, and asked for ways to improve their Forex Trading knowledge. Saxo Bank formulated an education application that is useful for traders of all experience levels. The programme consists of beginner, intermediate, advanced and expert sections. The application will soon be recieving an update, giving visitors the opportunity to test their knowledge beforehand in order to help them decide at which level to start learning. The update will also give users the option to post their progress in the education section on their wall, which will be visible to this person's contacts.

Educating clients has always been one of Saxo Bank's strengths. TradeMentor, its existing education programme, offers online and offline course materials on both Forex Trading and CFD Trading and the company aims to reach a broader audience with the Facebook application, giving users the opportunity to discuss the topics with other traders.

The company will continue to add more features to its Facebook page in the near future with live data due to be available shortly and a Forex TV section also under development. The page can be found at facebook.com/forex.

About Saxo Bank
Saxo Bank is an online trading and investment specialist, enabling clients to trade Forex, CFDs, Stocks, Options and other derivatives such as Futures trading, via SaxoWebTrader and SaxoTrader, the leading online trading platforms. SaxoTrader is available directly through Saxo Bank or through one of the Bank's global partners. White label is a significant business area for Saxo Bank, and involves customised and branding the Bank's online trading platform for other financial institutions and brokers. Saxo Bank has more than 120 white label partners and boasts thousands of clients in over 180 countries. Saxo Bank is headquartered in Copenhagen with offices in Australia, China, the Czech Republic, France, Greece, Italy, Japan, the Netherlands, Singapore, Spain, Switzerland, UK, and the United Arab Emirates.

Saxo Bank offers new guide to global economic indicators

Fri, 04 Dec 2009 11:59:52 GMT

Saxo Bank's strategy team has gathered together the most important of its macroeconomic forecasts into a new monthly publication that can be downloaded for free from the Trading Floor website.

The new Macro Forecast publication is based on the results of Saxo Bank's comprehensive macroeconomic models and is released on the first working day of every month. The publication will give the most important economic indicators for the US, Eurozone and Japan.

"The US gets the most attention in line with its position as the most important world economy with more than 20 quarterly and monthly indicators. The most important indicators from Europe and Japan will be covered initially, with more depth added with time as the publication grows," said David Karsbøl, Chief Economist at Saxo Bank.

The Macro Forecast has been designed to be easy to read and navigate. Each country has a table giving the consensus forecast, Saxo Bank's forecast, the previous level, percentage change and release date.

"The Macro Forecast isn't meant to provide trading triggers," added Saxo Bank Market Strategist Mads Koefoed, who has been responsible for developing the model. "The publication is more a signpost to the general economy and makes the strategy teams views on the development of the economy easier to follow on a regular basis."

Tradingfloor.com has been running since May 2009 and features expert commentary starting every morning with The Daily Trading Stance that Saxo Bank's strategists distribute to clients giving a rundown of the main themes of the day in Forex trading, equities, FX options and CFD trading.

The commentary is prepared by David Karsbøl, Equity Strategist Christian Tegllund Blaabjerg and Forex expert John Hardy. Futures and Fixed Income expertise is provided by Ole S. Hansen and Alan Plaugmann. Also commenting are Market Strategist Mads Koefoed and Research Analyst Robin Bagger-Sjöbäck.

The new Macro Forecast can be downloaded as a PDF. Also available are Saxo Bank Research Notes, the Equity Strategy Outlook, the Forex Portfolio Model, FX Monthly, Cross Asset Research, Quarterly Outlook, and Saxo Asset Allocation.

About Trading Floor
Trading Floor is run by Saxo Bank - one of the most successful of the new generation of trading platforms. Trading Floor delivers tradable knowledge about key industry events, global trends and trading strategy within Forex and commodity markets. Good information drives profitable decision-making, making Trading Floor an important tool for anyone involved in the markets and interested in Forex strategy. Trading Floor aims to inform, inspire and provide an entertaining read for the contemporary trader.

Trading Floor unveils new Forex strategy to strengthen portfolios and reduce volatility

Mon, 19 Oct 2009 11:55:38 GMT

Trading Floor has unveiled a new Forex Portfolio Model created by Saxo Bank's strategy team.

The Portfolio model offers a way to reduce total portfolio volatility in the wake of the stock market rally that saw many investors turn away from Forex trading.

"Many investors are staying out of the Forex market - either because they lost money and have given up, or because they simply don't know where to put their money," said David Karsbøl, Chief Economist at Saxo Bank and Trading Floor commentator. "The Saxo Bank Forex Portfolio Model is a way of re-activating this idle money by applying them in a low-cost and relatively low risk fashion."

The portfolio model is based on the Saxo Bank Fundamental Indices that measure the underlying economic strength (contraction or expansion) of 10 currencies: NZD, AUD, CAD, JPY, EUR, GBP, USD, CHF, SEK, and NOK. This should give a theoretical 45 possible currency crosses, but the model subtracts the12 most illiquid and expensive to trade and looks at 33.

The allocation signals are generated by the spreads in the fundamental indices and the idea is to always allocate more capital to the currencies with a relatively strong economic activity (and positive rate outlook) and fund the positions by going short on the currencies with weak economic activity (weak rate outlook).

The model allocates capital after changes in the spreads between the fundamental indices. For example, if the Eurozone Fundamental Index suddenly drops relative to the US Fundamental Index, the model (everything else being equal) would reduce exposure to EURUSD. Additionally, positions are scaled up or down according to the volatility of the currency crosses in question so that the expected risk-adjusted return for positions in EURCHF is the same as for positions in EURCAD.

"The model is always well diversified and is always in the market," said David Karsbøl. "It is therefore not exposed to timing issues."

The model doesn't use stops, since the overall volatility of returns tends to be low (especially on single leverage). One particularly interesting feature is that returns tend to be almost completely uncorrelated to returns in stock markets (correlation = 0.1) and other risky asset classes (correlation to the CRB Index is 0.11).

In back testing since 1991, the model has produced annual returns of 5.34% using single leverage, 10.58% using double leverage and 15.67% with triple leverage.

"Therefore, if the back-testing is indicative of future returns, it would make a lot of sense to use part of one's portfolio to allocate to the FX Model and thereby decreasing overall portfolio volatility without lowering returns too much or at all, depending on the leverage used."

About Trading Floor:
Trading Floor is run by Saxo Bank - one of the most successful of the new generation of trading platforms. Trading Floor delivers trading strategy and knowledge about key industry events and global trends within commodity markets including CDF trading and Forex strategy. Good information drives profitable decision-making, making Trading Floor an important tool for anyone involved in the markets. Trading Floor aims to inform, inspire and provide an entertaining read for the contemporary trader.

Saxo Bank Quarterly Outlook: The Japanization of financial markets

Thu, 01 Oct 2009 09:39:11 GMT

Saxo Bank predicts that monetary stimuli and government deficits are likely to continue, fostering a "Japanization" of financial markets, whereby the market will see higher price-to-earnings ratios and lower yields on both corporate bonds and treasuries.

Chief Economist at SaxoBank, David Karsbøl, commented: "Because Western economies are more flexible and able to embrace the necessary changes, we do not think that things will get as bad as was the case in Japan. However, it is increasingly evident that the current scenario in the West bears a close resemblance to post-1990 Japan, and it looks progressively like we have entered a new regime in which everyone assumes that large companies will be bailed out. This means that default risk is 'priced out', and we see higher price-to-earnings ratios and lower yields on fixed income."

In its fourth quarter outlook, the Copenhagen-based investment specialist predicts that the American economy will return to positive GDP growth in the second half of the year, but warns that the sustainability of this growth is questionable and will be largely due to government spending and inventory restocking. US unemployment will continue to rise over the coming months, and that this will further hinder debt repayments and consumption.

David Karsbol believes a USD short seems to be a vote for the global recovery and has become the, newer and better carry trade. "The very low US's yields and need for external financing and increasing reluctance from China to buy greenbacks is a toxic cocktail that could drive the currency even weaker in the near term," Karsbol said.

Looking towards the end of the year, market dynamics indicate a shift from this year's equity market rally. Global equity markets rallied 59% from the March lows through to August, and looking ahead, dynamics indicate a shift in performance towards micro trends and sector-specific growth and valuation stories.

Karsbol added: "Most indicators of economic activity are stabilising, but at very depressed levels. We believe investors should continue to take cyclical risk through regional allocations, with particular emphasis on emerging markets over Europe and the US, where it will be difficult to maintain and improve growth."

ENDS

About Saxo Bank
Saxo Bank is an online trading and investment specialist, enabling Forex trading for all of its Fx accounts, CFDs, Stocks, Futures, Options and other derivatives, as well as providing portfolio management via SaxoWebTrader and SaxoTrader, the leading online Trading platforms. SaxoTrader is available directly through Saxo Bank or through one of the Bank’s global partners. White Labelling is a significant business area for Saxo Bank, and involves the Bank’s online trading platform being customised and branded for other financial institutions and brokers. Saxo Bank has more than 120 White Label Partners and boasts thousands of clients in over 180 countries. Saxo Bank is headquartered in Copenhagen with offices in Australia, Amsterdam, Athens, France, Italy, Japan, Singapore, Spain, Switzerland, UK, and the United Arab Emirates.

Saxo Bank maintains profitability in first half of 2009

Thu, 20 Aug 2009 17:20:11 GMT

Saxo Bank, the online specialist in trading and investment, has reported its half year results showing that clients' collateral deposits and assets under management in total exceeded DKK 25 billion and, in a very difficult year, profit before tax reached DKK 55 million

Operating costs increased primarily due to new office openings, product launches, as well as contributions to the Danish State Guarantee Scheme and with unchanged income, profit before tax declined from the same period in 2008.

- Pre-tax profits of DKK 55 million (DKK 162 million).
- Operating income of DKK 969 million (DKK 969 million).
- EBITDA of DKK 128 million (DKK 221 million).
- Clients' collateral deposits increased to more than DKK 11 billion (DKK 8 billion).
- Assets under management in the Asset Management department exceeded DKK 14 billion (DKK 0).
- The solvency ratio for Saxo Bank Group was 18.9% (10.1%).

In a joint statement, Saxo Bank co-CEOs and co-founders, Kim Fournais and Lars Seier Christensen, commented: "We did expect 2009 to be a difficult year. However, the results reassure us that we took the right decision when we chose to steer the Bank into a new phase based on a more flexible structure before the financial crisis took hold. We also find it encouraging that the Bank managed to strengthen and optimise its entire value chain, product offering and geographical footprint during what were six very challenging months for the financial markets as a whole. And, equally importantly is of course, that our new Asset Management department got off to a good start with DKK 14 billion in assets under management, a number that since has grown to DKK 16 billion".

During the first half of 2009, Saxo Bank introduced a number of enhancements to its award-winning online trading platform, the most significant of which were related to Commodity CFD's and FX options. In addition to a broader product offering, the Bank widened its geographical footprint and established its presence in Milan, Madrid and Prague, and acquired two Dutch broker houses and a Tokyo-based provider of FX services. In May, Saxo Bank became the first Danish bank to receive regulatory approval to operate a regional office in the Dubai International Financial Centre.

Saxo Bank also acquired Danish wealth management company Fondsmæglerselskabet Sirius Kapitalforvaltning A/S in January 2009 with the intention of establishing a stronger Nordic presence in portfolio management. In addition, the Bank purchased the entire share capital of Capital Four Management Fondsmæglerselskab A/S and a 51% stake in Global Evolution Fondsmæglerselskab A/S. Saxo Bank also acquired almost 40% of EuroInvestor.com, a leading share and investment portal in Europe.

Saxo Bank remains an investment bank not dependent on a loan financing business but is covered by the Danish government's two-year guarantee for unsecured claims against Danish financial institutions.

About Saxo Bank
Saxo Bank is an online trading and investment specialist, enabling Forex Trading for clients, CFDs, Stocks, Futures, Options and other derivatives, as well as providing portfolio management via SaxoWebTrader and SaxoTrader, the leading online trading platforms. SaxoTrader is available directly through Saxo Bank or through one of the Bank's global partners. White Labelling is a significant business area for Saxo Bank, and involves the Bank's online trading platform being customised and branded for other financial institutions and brokers. Saxo Bank has more than 120 White Label Partners and boasts thousands

Top Articles Tagged with forex-trading