Tinkoff-Saxo’s Alberto Contador wins Giro d’Italia (Tour of Italy)
In a joint statement, Kim Fournais and Lars Seier Christensen, co-CEOs and co-founders of Saxo Bank, said:
“On behalf of our employees around the world, we want to congratulate Alberto on his victory and remarkable comeback. It is said that a double Grand Tour victory is extremely difficult but after winning the Giro, we know Alberto is up for the challenge to also win the Tour de France. We really like to succeed at Saxo Bank and Alberto and his fellow riders remain a huge inspiration and motivation not only for Saxo but also the many talented young riders in Denmark, Italy, Spain, and around the world. That is why we remain a proud sponsor of Tinkoff-Saxo.”
Alberto Contador ruthlessly pulled away from the field to tighten his grip on the pink jersey in the early stages of the Giro d’Italia and finished with a time of 88 hours, 22 minutes and 25 seconds, one minute and 53 seconds ahead of his closest rival, Fabio Aru of Astana.
In an effort to strengthen the collaboration between the team and the bank, Saxo launched a social trading initiative “Trade Like A Pro” on TradingFloor.com in March.
“Trade Like A Pro” is a competition involving Peter Sagan, Ivan Basso, Matti Breschel and the rest of the Tinkoff-Saxo team in an effort to raise money for charity. Alberto Contador is also taking part and has applied a conservative approach to investing. Contador’s investments mirror his style of riding as he maintains a calm focus on long term performance and continues to hold a mixed portfolio of single-stocks and Exchange Traded Funds (ETF’s).
While Contador has been busy conquering the Italian mountains and the hearts of cycling fans everywhere, his portfolio has not given him sleepless nights. His trading performance throughout the Giro has been fairly stable with five out of his six positions currently open being profitable, not least Alibaba (BABA) and Jyske Bank (JYSK). During the Giro, a new position has been bought giving exposure to the global energy sector (IXC). The iShares S&P Global Energy Sector Index fund is currently showing a small loss which can be explained by the adverse impact that the renewed strength of the dollar has had on crude oil and the major global energy companies during this time.
Those registered on TradingFloor.com can follow the competition as it unfolds, seeing what trades the team makes, interact with them, discuss trading ideas, and possibly copy their strategies. Due to the popularity of the “Trade Like A Pro” competition, and the Tinkoff-Saxo team’s proven aptitude for trading, Saxo Bank has decided to extend the initiative for the rest of the cycling season.
Alberto Contador’s profile on “Trade Like A Pro”:
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.