Hong Kong SFC fines Saxo Capital Markets for ‘unauthorised’ derivatives trading

7th January, 2026

Aravind Bulusu
Hong Kong

The Hong Kong markets regulator has reprimanded and fined Saxo Capital Markets HK (SCMHK) $4 million (£3m) for ‘unauthorised’ distribution of virtual asset (VA) products on the firm’s online trading platform.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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