Saxo Bank to work with Nasdaq for New Investment Product

Saxo Bank, Danish brokerage, has joined Nasdaq to provide portfolio management services: the stocks are presented in the Nasdaq DW Global Momentum portfolio
07 June 2018   1132

The portfolio is concentrated on developed and emerging markets stocks, it also does not include U.S. shares. The service is aimed on the providing to customers a tailored and cost-effective way to invest in a portfolio that includes 30-40 quality stocks. The composition is built on the base of a “relative strength” ranking that is couched by Dorsey Wright (DW), which is Nasdaq stock exchange`s subsidiary for investment research provision, and tools and solutions that help investors to overcome difficulties.

By combining our unique trading technology with Nasdaq’s expertise in investment management, we create a strong alternative to more traditional asset management solutions at a very competitive price. We are proud to turn Nasdaq’s research and methodology into actionable investment opportunities. Our SaxoSelect offering is underpinned by the belief that technology will profoundly change the asset management industry. Access to technology, demand for transparency, and focus on performance will change the way individuals manage their savings.
Kim Fournais
Founder, CEO, Saxo Bank

Saxo Bank’s automated trading and investment service SaxoSelect is to add and present this new product. The technology allows customers of the Danish bank to invest in pre-selected 28 portfolios suggested by various investment advisors like Morningstar and BlackRock.

The investment landscape continues to change with developments in technology and this has helped firms to develop scale by combining the complementary strengths of different participants.
Jay Gragnani
Head, Nasdaq Dorsey Wrights’s Research and Client Engagement

In the framework of the software resolution suggested by Saxo Bank, SaxoSelect users can see each of the stocks in their portfolio. The assets that are held in the portfolio are physical shares, which can be tracked in the real time by the customers via the SaxoTraderGO platform. The new portfolio is aimed on the high growth, purchasing momentum stocks through Nasdaq Dorsey Wright’s “relative strength” methodology.

BTC Invesment Profitability to Exceed Traditional Assets

This conclusion was made by Binance Research team in study "What Bear Market?"; since begining of the year the BTC has grown by more than 50%, while oil by 33%
08 May 2019   320

Since the beginning of the year, Bitcoin has grown faster than traditional market assets, including oil, technology companies, real estate and gold. This conclusion was made by Binance Research in the new study "What Bear Market?"

Since the beginning of the year, the price of Bitcoin has grown by more than 50%, while oil - by 33%, tech stocks - by 18%. The price of gold in five months slipped by 1%.

Recently, however, some factors have emerged that may put pressure on the price of Bitcoin. Thus, the recovery of BTC growth slowed down somewhat amid news of a hacker attack on the popular Binance exchange itself, as a result of which 7,000 BTC ($ 40.5 million) were stolen.

Another potentially negative factor for the price of Bitcoin could be the upcoming IEO of the Bitfinex exchange, where Tether stablecoins will be used to purchase LEO tokens for $ 1 billion. It can lead to situation when large players can may actively sell BTC.