Saxo Bank teams with Deutsche Bank for futures trading


Saxo Bank continues to expand its product suite; now introducing a broader range of futures contracts in cooperation with Deutsche Bank.

With substantial market demand for an expanded roster of futures contracts, Saxo Bank has announced an enhanced co-operation with Deutsche Bank. Based on Deutsche Bank's worldwide membership of various futures exchanges, customers at Saxo Bank can now trade futures directly on the SaxoTrader.

"Saxo Bank is capitalizing on the increasing demand for trading futures contracts. By introducing Deutsche Bank's futures infrastructure into the SaxoTrader client station, we are expanding the range and inventory of contracts available to the end-user and we are enhancing the stability of the platform," says co-CEO Kim Fournais.

The deal means also that Saxo Bank will gain access to the Japanese and Australian marketplace. Today the bank conducts the majority of its business in Western Europe and the US markets and is expecting to add additional markets throughout 2004.

Kim Fournais is excited about the agreement and explains: "The capital markets in the Far East are picking up and represent a huge business potential for us and our customers, and the agreement with Deutsche Bank stresses the fact that we are determined to offer our clients the widest and deepest suite of products as well as ensuring redundancy when delivering our financial products. On an overall level we are expecting an important increase in both interest and demand for futures this year."

In near future Saxo Bank will announce its electronic integration with Chicago Mercantile Exchange (CME) - a business set-up where Deutsche Bank will facilitate the 'clearing' process for trading futures contracts. This means that Saxo Bank will make their liquidity available for foreign exchange-futures contracts on CME, which is a valuable addition to Saxo Bank's selection of products toward institutional as well as private investors, and confirms that Saxo Bank is one of the leading online providers in the marketplace.

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