- Saxo Bank stops reporting monthly client trading volumes and removes historical data.
Copenhagen-based Retail FX and CFDs broker, Saxo Bank, has announced that it will stop reporting its monthly client trading volume data. The company has also removed all historical trading volume data from its Investor Relations website.
This decision comes as Saxo Bank works with investment bank Goldman Sachs to explore options for an IPO or sale. The goal is to provide liquidity to its main outside shareholders, China’s Geely Group and Finland’s Mandatum Group, who are looking to exit their positions. Saxo Bank had previously attempted an IPO in 2022 via a SPAC merger, but the plan was ultimately dropped.
Saxo Bank began sharing its trading volumes in 2014 to emphasize transparency within the financial industry, but this change reflects a new approach.