Saxo Bank Provides Retail Derivatives Trading to TD WaterhouseBy Saxo Bank, PRNE
Tuesday, May 17, 2011
LONDON, May 19, 2011 - Saxo Bank, the specialist in online trading and investment, has announced
it will provide TD Waterhouse, the UK's leading execution only broker, with
an online derivatives trading platform for retail investors. Through Saxo
Bank's technology and service, TD Waterhouse will enhance its offering to
enable customers to take control of their trading through TD Derivatives
Trading for Contracts for Differences (CFDs), FX and Futures.
The TD Derivatives Trading account, which will be provided by Saxo Bank,
has been developed to respond to the needs of sophisticated derivatives
traders. Clients can trade CFDs
with commissions starting from 0.15% (minimum GBP15) on all markets.
They can also take advantage of one of the leading FX Trading
offerings available, with access to more than 160 FX currency pairs. The
account also includes Futures
enabling customers to trade over 450 instruments on live market prices from
exchanges around the world. TD Derivatives Trading clients can also create
their perfect trading environment using two, free customisable platforms
that can be adapted to their exact specifications.
Darren Hepworth, trading and customer services director at TD Waterhouse,
commented: "We always strive to ensure our customers have access to the best
products and services. With the launch of TD Derivatives Trading, our
customers can take control of their trading needs and create their perfect
Albert Maasland, CEO of Saxo Bank London, added: "We are thrilled to be
working with the preeminent execution only broker, TD Waterhouse. Their
decision to adopt Saxo Bank's technology and service are testament to the
effectiveness of our offering in the retail market place. We strive to
develop a collaborative business model, and the launch of this service
reinforces the strength of our Institutional solutions."
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About Saxo Bank (www.saxobank.com/en/pages/default.aspx):
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 Brørup Sparekasse, a Danish savings bank. The Saxo Bank Group
is headquartered in Copenhagen with offices throughout Europe, Asia, Middle
East and Australia.
About TD Waterhouse:
TD Waterhouse is the UK's leading execution-only broker, servicing approx
200,000 UK customers with over GBP3.77 billion in customer assets (stocks and
cash) under management. It is a subsidiary of the TD Bank Group (TD or the
bank), the 6th largest bank in North America by branches. TD has 81,000
employees in offices around the world, serving 19 million customers with
client assets of CDN$616 billion (as at 31, January 2011).
Media enquiries: Kasper Elbjørn Head of Group Public Relations Saxo Bank 40 Bank Street Canary Wharf London E14 5DA +45-3977-4300
Tags: London, May 18, May 19, Saxo Bank, United Kingdom