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Saxo Bank, a leading retail FX and CFDs broker based in Copenhagen, has made the strategic decision to cease its monthly reports on client trading volumes. All historical trading volume data has also been removed from the company’s Investor Relations website, marking the end of a decade-long practice.

Since 2014, Saxo Bank has shared monthly trading volumes as part of its commitment to transparency, setting a precedent as the first non-public bank or brokerage to offer such detailed data. The move to halt these reports aligns with the company’s broader exploration of structural changes, including potential plans for an Initial Public Offering (IPO) or outright sale of the business.

Saxo Bank has engaged Goldman Sachs to assist in these efforts, with the primary objective of providing liquidity to its two major external shareholders, China’s Geely Group and Finland’s Mandatum Group, both of whom are looking to exit their investments. This isn't the first time Saxo has explored the public markets; a 2022 IPO attempt via a SPAC merger was eventually abandoned.

The decision to stop reporting trading volumes follows a period of declining activity for the company. In May 2024, Saxo Bank saw a 20% drop in trading volumes, followed by a 4% decrease in June. Core FX trading volumes, in particular, hit a multi-year low, falling to $78.1 billion in June 2024. The company also posted its first semiannual loss in several years during the second half of 2023, with no top-line growth. Saxo Bank has yet to release its financial results for the first half of 2024.

ATFX has introduced a comprehensive Client Funds Insurance policy in partnership with Lloyd's of London, aimed at enhancing the security of client assets. The new policy provides coverage of up to USD 1,000,000 per claimant, reinforcing the broker’s commitment to client protection.

This insurance is available to clients of AT Global Markets Intl. Ltd. and AT Global Markets LLC, offering peace of mind by safeguarding their funds with a reputable underwriter. Lloyd’s of London, renowned for being the oldest and largest insurance market in the world, brings a high level of expertise and credibility to the partnership.

Joe Li, Chairman of ATFX, emphasized the importance of this new initiative, stating, "We are dedicated to providing exceptional trading experiences, prioritizing customer satisfaction alongside cutting-edge technology."

The insurance, branded with the slogan "Your Fund's Security, Our Priority," highlights ATFX's dedication to client safety, ensuring traders can focus on the markets with the confidence that their funds are protected by reliable, comprehensive coverage.