For whatever reason that one side manipulate the details of the transaction (here it is price), it is a breach of contract. With “offer” and “acceptance”, that is a contract sealed. Once the trade is executed on the trading platform, via clients’ action, or orders triggered, that constitutes an “acceptance”. On their trading platform, the prices are all tradable, and it forms an “offer”. That means Saxo Bank is having a principal-to-principal relationship with clients. In its FX business, Saxo Bank makes prices to clients on FX spot, forward and options. May 16, 2012: Add a listing for Saxo Bank.įellow GARPs, this Saxo Bank crisis should be well documented as a case study.įrom risk management prospective, Saxo Bank committed a big mistake. October 13, 2013: Add FIN-FSA (Finland) license. SaxoTrader (Desktop, Web, Mobile, iPhone, iPad, iPod touch, Android) Arabic, Chinese, Czech, Danish, English, French, German, Hebrew, Hungarian, Italian, Japanese, Polish, Portuguese, Russian, Spanish, Swedish, Greek, Dutch, Romanian
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