Saxo Launches USD 9,000 Trading Competition on TradingFloor.com
Saxo Bank, the trading and investment specialist, has launched Saxo Trade Challenge, a trading competition open to Saxo Bank A/S clients with a minimum funding of USD 2,000 equivalent by 26 October.
Saxo Trade Challenge will reward the top three performing traders on its award-winning, multi-asset social trading site, TradingFloor.com, over a seven week period, from 27 October to 18 December.
The prize pool for the competition totals USD 9,000, with first, second and third place winners of the competition to be announced on 19 December. The winner will be the investor on TradingFloor.com with the highest positive return generated during the competition period.
The competition is open for entry from 3-26 October, 2014, after which trading commences.
Commenting on the launch of the competition, Rune Bech, Global Head of Digital Media and Communications, said:
“Social trading is gaining popularity amongst retail investors. TradingFloor.com has generated and continue to generate high performing, active users. They want to be empowered to seize every opportunity that arises in the market place, and learn from their peers rather than paid professionals. Since commercial launch in April the number of unique users has grown rapidly and the growth ratio is expected to continue as we activate further the new language versions in German, French, Russian, Greek, Turkish, Spanish and Latin Spanish.”
“The Saxo Trade Challenge competition gives them the perfect opportunity to prove their trading prowess with the full range of Saxo trading tools at their disposal. We look forward to identifying the winners and rewarding them - let battle commence.”
Saxo Bank Group (Saxo) is a leading Fintech specialist focused on multi-asset trading and investment and delivering ‘Banking-as-a-Service’ to wholesale clients.
For 25 years, Saxo’s mission has been to democratize investment and trading, enabling clients by facilitating their seamless access to global capital markets through technology and expertise.
As a fully licensed and regulated bank, Saxo enables its direct clients to trade multiple asset classes across global financial markets from one single margin account and across multiple devices. Additionally, Saxo provides wholesale institutional clients such as banks and brokers with multi-asset execution, prime brokerage services and trading technology, supporting the full value chain delivering Banking-as-a-Service (BaaS).
Saxo’s award winning trading platforms are available in more than 20 languages and form the technology backbone of more than 100 financial institutions worldwide.
Founded in 1992 and launching its first online trading platform in 1998, Saxo Bank was a Fintech even before the term was created. Headquartered in Copenhagen Saxo today employs more than 1500 people in financial centers around the world including London, Paris, Zurich, Dubai, Singapore, Shanghai, Hong Kong and Tokyo.