Saxo Bank, one of the largest providers of online FX trading platforms, signalled its strategy to attract more institutional clients with the hire of former Citadel executive Matteo Cassina in January.

Founded in 1992 by Lars Seier Christensen and Kim Fournais, Saxo is best-known as an operator of retail FX platforms and as a white-label provider of its technology to tier-one investment banks.