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 is a leading Fintech specialist and global multi-asset facilitator of capital markets products and services. Saxo enables private clients to trade more than 35,000 instruments from one single margin account.
Additionally, Saxo provides institutional clients such as banks and fintechs with Open Banking solutions from multi-asset execution, prime brokerage services to trading technology. Founded in 1992, Saxo Bank has embraced Open Banking from the beginning and is focused on helping clients and partners through win-win partnerships and product innovation.
Since launching its first online trading platform in 1998, Saxo Bank works to empower everyone to navigate their financial future by opening up access to trading and investment. The Saxo Group’s client assets total more than 45 billion euros, and the Group employs more than 2100 people in financial centres around the world including London, Singapore, Amsterdam, Shanghai, Hong Kong, Paris, Zurich, Dubai and Tokyo.For more information, please visit www.home.saxo.