Saxo Bank gains French foothold

- By FX Markets Staff
- @FXMarkets_
- 02 Jun 2008

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"Contracts-for-differences have only just been introduced in the French market, with its legal standing arriving through the implementation of Mifid [the Markets in Financial Instruments Directive] last November," said Albert Maasland, Saxo Bank's European chief operating officer, who is based in Copenhagen. "We believe that there is enormous opportunity to develop a huge CFD market in France."

The deal, subject to regulatory approval, extends an existing relationship between the Danish bank and

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