SOURCE: Saxo Capital Markets Pte Ltd

Saxo Capital Markets Pte Ltd

January 30, 2012 04:00 ET

Saxo Capital Markets (Australia) Pty Ltd Launches Its Retail Operations

HONG KONG--(Marketwire - Jan 30, 2012) - 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.

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This advertisement is intended for residents of countries in which Saxo Capital Markets HK Limited ("Saxo Capital Markets") is duly licensed to conduct business.

Saxo Capital Markets holds a Type 1 Regulated Activity (Dealing in securities license) and Type 3 Regulated Activity (Leveraged foreign exchange trading) licenses issued by the Securities and Futures Commission of Hong Kong.

Risk warning: 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.

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About Saxo Capital Markets HK Limited

Saxo Capital Markets HK Limited is a wholly owned subsidiary of Saxo Bank A/S, an online trading and investment specialist. The company holds a Type 1 Regulated Activity (dealing in securities license) and Type 3 Regulated Activity (leveraged foreign exchange trading) licenses issued by the Securities and Futures Commission of Hong Kong.

Saxo Capital Markets HK Limited offers local trading services and expertise to private and institutional clients via SaxoTrader, its award-winning multi-asset trading platform. SaxoTrader is available directly through Saxo Capital Markets HK Limited or through one of its institutional clients. White Labelling is a significant business area for Saxo Capital Markets HK Limited, and involves customising and branding of its online trading platform for other financial institutions and brokers.

Saxo's position as an established FX house and its leading role in the foreign exchange market has been recognised by the industry's leading reviews. In 2011, the Saxo Bank Group picked up six awards at the Euromoney annual FX survey for the following categories: Best Improved Overall Market Share by Volume ($10bn - $25bn) and ($5bn - $10bn), Best Speed of Execution, Best Research and Analytics, Best Effective Risk Management and Execution Strategies and Best Integrated Workflow and Compliance Solutions. Saxo Bank was also named "Best Forex Broker in Northern Europe" and "Best White Label Solution Provider" in the World Finance Foreign Exchange Awards 2011.

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