Saxo Bank is First to Offer Direct Online Trading in Brazilian MarketBy Saxo Bank, PRNE
Monday, April 25, 2011
Saxo Bank Launches Four Futures Contracts for Online and Direct Trading, Tracking the Bovespa Index and USD/Brazilian Real Currency Cross.
HELLERUP, Denmark, 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 their portfolios.
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 from 15 April 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
"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,
"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 a leading online trading and investment specialist with a
worldwide client base. 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 Br0rup 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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Media enquiries: Uriel Alvarado Cancino, Head of PR & Marketing, Latin, +45-39-77-46-43; Kasper Elbjorn, Head of Group Public Relations, +45-3065-4300, press at saxobank.com
Tags: April 26, denmark, Hellerup, Saxo Bank