Delayed Saxo futures to launch this month

14 Apr 2003

Copenhagen-based Saxo Bank has told FO Week it plans to get its futures operation up and running by the end of this month, having postponed the launch from the original February target date (see FO Week Vol 7 No 47).

Saxo ceo Kim Fournais told FO Week...

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“The fact is, an awful lot of people would be very happy for all business to be transacted over the counter. Transparency is good for the consumer, but privacy is better for the banks and the brokers. Wherever there’s a grey area, it’s possible to make money.”

European consultants predict frantic lobbying during the Mifid review.