Saxo appoints Andrew Edwards as new UK CEO

Saxo Capital Markets UK Ltd. (SCML), the UK subsidiary of Saxo Bank A/S, today announces the appointment of Andrew Edwards as new CEO effective from January 2018.

Andrew Edwards joins SCML as an experienced CEO with over eighteen years in the sector, twelve which were spent establishing and expanding a complex financial services business. Edwards most recently served as CEO of ETX Capital and his appointment will strengthen Saxo’s ambition to further build out and facilitate partnerships and collaborations as well as giving private clients access to multi-asset trading capabilities.

Anthony Belchambers, Non-Executive Chairman, SCML, commented:

“We are delighted to welcome Andrew Edwards in his new role as CEO of Saxo Capital Markets. He has a deep understanding of the UK market and the proven ability to enhance our service offering to institutions, private traders and investors.”

“With regulatory requirements for major asset classes converging, Saxo is strongly supportive of the regulatory priority to set higher standards in the industry and for the better protection of clients. Saxo is deeply committed to prioritising customer interests and the appointment of Andrew Edwards reflects our commitment to that objective and to the UK market”.

In June, Saxo Capital Markets UK decided to withdraw from the UK CFD and FX Association, a margin trading industry group. The decision followed Saxo Bank’s signing of the FX Global Code and Saxo Bank’s decision to voluntarily publish Enhanced Disclosure to promote increased transparency in the industry.

Read this next

Digital Assets

El Salvador’s Bitcoin wallet hacked by CiberInteligenciaSV

El Salvador’s official Bitcoin wallet, Chivo, has faced another security setback as the hacker group CiberInteligenciaSV released parts of the wallet’s source code on the black hat hacking forum BreachForums.

blockdag

BlockDAG’s $19.8M Presale & Moon Keynote Teaser Place It Above KANG, SOL, & ARB as the Top Crypto Investment in 2024

Uncover the success behind BlockDAG’s $19.8M presale and learn what’s making it a more compelling investment than KangaMoon, Solana, and Arbitrum.

Fintech

Revolut taps TikTok exec to drive £300 million ad revenue

Fintech giant Revolut is exploring new revenue streams by planning to share customer data with advertising partners.

Chainwire

Zircuit Staking Soars Past $2B TVL In Only 2 Months

Zircuit, a ZK rollup with parallelized circuits and AI-enabled security, today announced that its staking program has soared past $2B in TVL in only 2 months. 

Retail FX

PrimeXBT joins Financial Commission’s membership roster

The Financial Commission, an independent external dispute resolution (EDR) body, today announced the addition of cryptocurrency trading firm PrimeXBT as its latest member effective March 6, 2024.

Digital Assets

Ripple wants to reduce SEC’s $2 billion penalty to $10 million

Ripple Labs has responded to the U.S. Securities and Exchange Commission’s (SEC) recent demand for $2 billion in penalties, arguing that the amount should be substantially reduced to $10 million. The legal stance was disclosed in a court document filed late Monday.

blockdag

Analysts Go Bullish On BlockDAG After Its Surge to $0.005 And Unique Developer Platform That Goes Beyond Ethereum & BONK

Discover how BlockDAG’s unique low-code and no-code platforms offer more adaptability than Ethereum’s bull run and BONK’s fluctuating prices.

Tech and Fundamental, Technical Analysis

WTI crude oil Technical Analysis Report 23 April, 2024

WTI crude oil can be expected to rise further toward the next major resistance level 86.00, which has been reversing the price from October.

Digital Assets

Binance Debuts Spot Copy Trading Feature in Its Expanding Automated Trading Portfolio

Explore Binance’s latest innovation in trading technology with the rollout of Spot Copy Trading, now available within their comprehensive automated trading toolkit.

<