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   863

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.

Binance to Launch Crypto-Fiat Exchange at Jersey

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs
16 January 2019   72

Binance has opened a branch at Jersey island, targeting Europe and the UK. Its clients will be able to trade Bitcoin and Ethereum for the euro and the British pound. 

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs. To start trading, users must undergo KYC verification.

According to Binance CFO Ju Wei, bidding cryptocurrencies for fiat money will provide Europeans with new opportunities in the face of uncertainty with Brexit affecting the euro and the pound.

Wei also stressed that a strong legal framework makes Jersey one of the leaders in the development of blockchain technology.