It has revealed plans to expand into forex . Copenhagen-based foreign exchange brokerage Saxo Bank last week said the SNB’s move cost it 700 million Danish crowns ($109 million) and booked a loss of 485 million crowns for the first six months in 2015 due to that cost. It is currently testing a new platform which it plans to launch in 2016 . Increasingly , stock exchanges have been striving to take a leading role in forex markets as regulatory pressure forces more trading onto exchanges . Exchanges are well placed to address systemic risk concerns , which were highlighted in January when the Swiss National Bank caught the market by surprise , resulting in the downfall of a handful of brokers . Nasdaq said the move will diversify its portfolio , and bring a new level of transparency to a market which has been troubled by market manipulation allegations and seen major banks penalised by regulators .
It has revealed plans to expand into forex . It is currently testing a new platform which it plans to launch in 2016 . Increasingly , stock exchanges have been striving to take a leading role in forex markets as regulatory pressure forces more trading onto exchanges . Exchanges are well placed to address systemic risk concerns , which were highlighted in January when the Swiss National Bank caught the market by surprise , resulting in the downfall of a handful of brokers . Nasdaq said the move will diversify its portfolio , and bring a new level of transparency to a market which has been troubled by market manipulation allegations and seen major banks penalised by regulators .