Saxo Bank First to Offer Direct Online Trading in Brazilian MarketBy Saxo Bank, PRNE
Monday, April 25, 2011
LONDON, April 26, 2011 - Saxo Bank, the specialist in online trading and investment, has launched
four futures that will, for the first time, offer investors who are not
residents in Brazil direct access to the Brazilian market. The products
include the Bovespa Index and USD/BRL cross and enable investors to gain
exposure to one of the currently most buoyant economies and hedge risks in
With this launch, Saxo Bank provides investors with four futures
investment instruments - the BOVESPA Index, IBOVSPA Index Mini, BMF US Dollar
Future and Mini BMF US Dollar - that are available on all of the bank's
platforms (SaxoTrader, SaxoWebTrader and SaxoMobileTrader).
Moreover, Saxo Bank expands its coverage to over 20 futures markets and
more than 80 trading venues which can be accessed via a product range
comprising more than 22,000 financial instruments.
In a statement, Pedro Brigham, director of the Latin region for Saxo
Bank, said: "The rise in commodity prices has put Brazil on investors'
radars. Its excellent economic growth, political stability and a liquid
market where over 3.5 billion US dollars are traded on a daily basis have
made the country the clear leader in Latin America at a time when investors
increasingly demand greater access to emerging markets."
Claus Nielsen, executive vice president and head of markets at Saxo Bank,
added: "The launch of futures trading in Brazil marks a significant milestone
for Saxo Bank, and we are proud to be able to offer our global client base
access to this vibrant economy. We look forward to expanding the list of
available instruments in Brazil and to further add trading venues in emerging
countries to our platform."
About Saxo Bank
Saxo Bank is an online trading and investment specialist, enabling
clients to trade Forex
Options and other derivatives, as well as providing portfolio management via
SaxoWebTrader and SaxoTrader, the leading online trading platforms
The three specialised and fully integrated trading platforms; the
browser-based SaxoWebTrader, the downloadable SaxoTrader and the
SaxoMobileTrader application are available in over 20 languages. Saxo Asset
Management accommodates high-net worth private clients and institutional
investors. In 2010 Saxo Bank continued the diversification of its business
with acquisitions of Saxo-E*Trade Bank, a specialist in online investment,
and Brørup Sparekasse, a Danish savings bank. The Saxo Bank Group is
headquartered in Copenhagen with offices throughout Europe, Asia, Middle
East and Australia.
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PR Contact: Kasper Elbjorn Saxo Bank Corporate Communications Saxo Bank 40 Bank Street Canary Wharf London E14 5DA +45-3065-4300 www.saxobank.com
Tags: April 26, London, Saxo Bank, United Kingdom