Saxo Bank, a Danish bank specialized in providing online trading services, said on Tuesday the business model of its UK unit is not dependent on clients trading with leverage and does not expect its operations to be affected by the recently announced proposals for new forex trading rules. The UK Financial Conduct Authority (FCA) is heading in the right direction and in line with how Saxo Bank manages leverage toward its clients, the bank said in a statement on the matter issued in the name of Matteo Cassina, CEO at Saxo Capital Markets UK and global head of sales at Saxo Bank Group. Earlier in December, the FCA ... (full story)