16 December 2017
visit www.aciworldwide.com

Saxo Bank makes Japanese acquisition

02 July 2009  |  1168 views  |  0 Source: Saxo Bank

Saxo Bank A/S, the online trading and investment specialist, announces today that it has launched its FX service in Japan with the acquisition of Astmax FX Co., Ltd. (Astmax FX). The purchase is approved by relevant regulatory bodies in Denmark and Japan.

Saxo Bank opened its Japan office in 2008 providing support to institutional clients. The acquisition and renaming of Astmax FX to Saxo Bank FX K.K. allows Saxo Bank to offer FX related products to the Japanese retail market under the Type 1 Financial Instrument Dealer license with the Japanese Financial Services Agency. Saxo Bank FX's client funds will be held in a separate trust bank account.

Wataru Kojima, Representative Director of Saxo Bank FX, said, "We are pleased to offer our award-winning platform, the SaxoTrader, to Japanese retail investors seeking a secure platform that provides them with the right tools to trade online confidently." Kojima added, "With Saxo Bank FX, investors will have access to over 155 FX crosses, state-of-the-art charting and analysis tools."

Saxo Bank FX's parent company, Saxo Bank A/S is a fully licensed and regulated European investment bank. It has won numerous awards such as FX Week's Best Bank for FX award and Best Retail Platform award by Profit and Loss magazine.

"Japan is a key financial center in Asia and Saxo Bank believes that there is room for growth in the Japanese market for online trading of FX and other financial products," said Kim Fournais, co-CEO of Saxo Bank. "The decision to offer FX services to Japanese retail investors gives Saxo Bank a stronger foothold into the Japanese market," continued Fournais.

Saxo Bank FX is supported by the headquarters in Copenhagen and the Asia headquarters, Saxo Capital Markets, based in Singapore.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comvisit www.response.ncr.comvisit www.thomsonreuters.info

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
10500 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
10024 views comments | 18 tweets | 36 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7183 views comments | 19 tweets | 22 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
6874 views comments | 9 tweets | 10 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6596 views 0 | 4 tweets | 2 linkedin

Featured job

Find your next job