SYDNEY, Jan. 30, 2012 /PRNewswire-Asia/ -- Saxo Capital Markets
(Australia) Pty Ltd ('SCM Australia') , the online trading and
investment specialist, today announced the launch of its retail
operations in Australia, offering investors the opportunity to
trade thousands of asset classes across award-winning online
platforms.
Saxo Capital Markets (Australia) Pty Ltd is a wholly-owned
subsidiary of Saxo Bank A/S. It holds an Australian Financial
Services Licence 280372 and is regulated by the Australian
Securities & Investments Commission.
The move extends Saxo Bank Group's reach in the fast-growing
Asia-Pacific, and is consistent with its goal of being the premier
multi-asset online trading platform in the world.
SCM Australia offers local traders sophisticated trading platforms
such as SaxoTrader and SaxoWebTrader, permitting the trading of
foreign exchange, CFDs and stocks with live streaming prices and
lightning-fast stock trades. SCM Australia provides clients with
access to over 160 foreign exchange crosses, more than 13,000
stocks from 25 major exchanges and over 140 Futures contracts on
live market prices from over 19 exchanges. SCM Australia's CEO
Anthony Griffin said the company believed it had the services and
competitive offering to transform the online trading market in
Australia.
Mr Griffin states, "In Australia, we will be adopting the standard
Saxo business model that has been successfully implemented in over
20 countries and bringing our award-winning platforms to the
market."
Further, he states, "It was critical to ensure that investors were
educated as much as possible on the asset classes they were trading
in and the risks involved. As a result, SCM has a number of online
educational tools available to ensure investors are
informed."
SCM Australia recently completed the acquisition of Logos
Commodities Pty Ltd, the holding company of Commodity Broking
Services Pty Ltd, bringing with it an excellent client base and
broadening its suite of services.
Kim Fournais and Lars Seier Christensen, co-founders and CEOs of
Saxo Bank, said in a joint statement:
"While opening an office in Sydney is a strategic decision to
support our Asia-Pacific expansion and growth strategy, it has
always been a priority for Saxo Bank. The acquisition has brought
with it both tremendous staff as well as a great range of clients.
That has given us the critical mass for doing business here. This
is a good time for us to prove our commitment to the Australian
market."
Saxo Bank was founded in 1992. Saxo Bank's trading platforms have
defined the company's success in the online trading space for over
a decade. Since introducing the SaxoTrader in 1998, Saxo Bank has
enhanced and improved its platforms to meet the evolving needs of
traders and investors in a continuously changing industry. The
Group has expanded overseas since 2006 and now has operations in
more than 20 countries including major financial centres such as
Tokyo, Singapore, Hong Kong, London, Zurich, Dubai, and
Paris.
Disclaimer:
Saxo Capital Markets (Australia) Pty Ltd is a wholly-owned
subsidiary of Saxo Bank A/S, the Copenhagen-headquartered online
trading and investment specialist. It holds an Australian Financial
Services Licence 280372 and is regulated by the Australian
Securities & Investments Commission. Leveraged investments in
foreign exchange or derivatives carry a high degree of risk and may
result in significant gains or losses. You should carefully
consider your financial situation and consult your independent
financial advisors as to the suitability of your situation prior to
making any investments. For further information, please see:
http://au.saxomarkets.com/about-us/general-disclaimer
About Saxo Capital Markets (Australia) Pty Ltd
Saxo Capital Markets (Australia) Pty Ltd is a wholly-owned
subsidiary of Saxo Bank A/S, the Copenhagen-headquartered online
trading and investment specialist. It holds an Australian Financial
Services Licence and is regulated by the Australian Securities
& Investments Commission. Clients can trade Forex, CFDs,
Stocks, Futures, Options and other derivatives via SaxoWebTrader
and SaxoTrader, its leading multi-asset online trading platforms.
SaxoTrader is available directly through Saxo Capital Markets or
through one of its institutional clients. White labelling is a
significant business area for Saxo Capital Markets, and involves
customising and branding of its online trading platform for other
financial institutions and brokers.
For more information, please visit
http://www.saxomarkets.com.au
SOURCE﹛Saxo Bank