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Saxo Bank Claus Nielsen

Saxo client collateral deposits exceed DKK100 billion


Client collateral deposits at Saxo Bank, the online multi-asset trading and investment firm, have exceeded DKK100 billion – a record high.

2016 was marked by a number of high profile political events, namely the UK EU referendum on 23 June and the US election on 8 November.
With a total of 490,000 client trades on 9 November 2016, the day after the US election, Saxo Bank reached a new record in trading activity.
With the French election on 7 May and the upcoming UK election on 8 June 2017, there continue to be events that demand attention from both traders and investors.
Claus Nielsen (pictured), Saxo Bank’s head of markets, says: “First and foremost we would like to thank both our direct clients and white label clients for their trust in Saxo Bank and will continue to respond to their confidence in us with service and commitment. Alongside the onboarding of new clients, the increase in collateral deposits reaffirms the strength of our multi-asset offering and represents early evidence of Saxo Bank continuing its growth trajectory in 2017.”
Nielsen adds: “From Brexit to Trump, we are proud to have ushered clients through a series of macro events unscathed. We thrive when our clients thrive and therefore having informed clients able to make prudent choices within a robust trading infrastructure is essential.”’
Saxo Bank’s client collateral deposits nearly doubled from 2013 when it amounted to DKK50.6 billion.
As of the last set of financial results, operating income for the group in 2016 was DKK2.9 billion up from DKK2.1 billion in 2015. Net profit was DKK302 million for 2016.
The bank’s capital position is strong with a Common Equity Tier 1 ratio of 14.9 per cent, a Tier 1 capital ratio of 17.1 per cent and a total capital ratio of 19.5 per cent. The Common Equity Tier 1 buffer was DKK1.0 billion, corresponding to 6.4 per cent of the risk exposure amounts.

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