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Alternative Market Briefing

Saxos chairman reports 'massive change' in hedge fund activity

Friday, August 17, 2012

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Nick Beecroft
By Beverly Chandler, Opalesque London:

Saxo Capital Markets, a wholly owned subsidiary of Danish bank, Saxo Bank Group, has found that hedge funds have adapted their use of foreign exchange markets to mirror how the markets have been behaving since the financial crisis.

In an interview with Opalesque, Saxo Capital Markets chairman, Nick Beecroft said: "We see a massive change in hedge fund activity. Hedge funds have changed their behaviour to reflect how the market is behaving."

Saxo Bank has operated in the UK since March 2006, initially as a branch of Saxo Bank and since 1st January 2012 as Saxo Capital Markets UK Limited. The firm offers private investors online trading and investment in FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives, and online wealth management for Funds, Shares, ETFs, Certificates and Bonds and online trading services to a broad institutional client base including hedge funds, Introducing Brokers and Money Managers through their trading platforms SaxoTrader, SaxoWebTrader and SaxoMobileTrader and Saxos B2B/API services. The firm considers itself in the top 10 of spot foreign exchange trading firms.

"The dominant change over the last five years, since the financial crisis broke, is this risk on/risk off behaviour that dominates all the markets now" Beecroft says. "If on the day there is bad news, such as a call for Greece to leave the Euro, you will see equity markets go down, safe have......................

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