 Following the launch of Citigroup's CitiFX Pro, an online foreign exchange trading platform developed by Saxo, in November 2008, the Bank would focus entirely on its institutional clients in the US.In September 2007, Saxo announced the acquisition of its Swiss white label client, Synthesis Bank.In late May, Saxo bought a French brokerage, Cambiste, that was later renamed Saxo Banque France.