Saxo Capital Markets Launches in South Africa

Johannesburg (ots/PRNewswire) -

In response to South Africa's increasing demand for investment
opportunities Saxo Capital Markets South Africa today announced that
it has launched in the region.

Saxo Capital Markets SA provides a suite of online trading
platforms to enable efficient and reliable trading solutions to both
private investors and institutional clients. Through Saxo Capital
Markets SA clients can access a diverse range of financial
instruments; from FX, CFDs and ETFs, to Stocks, Futures and Options.
Clients can trade over 13,000 stocks in more than 30 international
markets and exchanges. Clients will also be able to access
value-added services such as live prices and real-time conversations
with professional traders.

Saxo Capital Markets SA will be managed by Joint Country Managers,
Brett McLaren and Richard North who have had a long relationship with
Saxo Bank.

Brett McLaren, Joint Country Manager of Saxo Capital Markets SA,
said:

"Saxo Capital Markets SA will meet the growing trading demands in
South Africa for multi-asset online trading as the needs of investors
in South Africa continue to diversify in tandem with the changing
market dynamics in the region. Never before has it been easier for
South African investors to access global liquidity in a wide variety
of asset classes and markets than it is now.

"Market uncertainties over the past three years have also created
upsides in non-equity asset classes including forex and commodities.
We are seeing a trend for South Africa's investors, who have
traditionally traded equities and warrants, moving towards
multi-asset investing.

"Saxo Capital Markets' launch in South Africa is aligned with its
strategic roadmap in the region, and we intend to add resources as
the business grows," McLaren concluded.

The award-winning online trading platform, SaxoTrader, is designed
to meet the varying needs and demands of the modern financial
investor and trader - whether experienced or new to the markets. The
recent relaxation of South African exchange control is already
helping investors tap into offshore markets.

Saxo Capital Markets SA is a subsidiary of Danish-based Saxo Bank.
An EU-regulated investment bank founded in 1992, Saxo Bank announced
its annual results on 8 March. The Bank's operating income increased
6% in 2011 to reach DKK 3.53 billion. The Bank continued to invest in
developing the business which meant that staff costs and
administrative expenses increased 12%. Thus, net profit was DKK 618
million, down 4% from the previous record year.

Saxo Bank's co-founder, Lars Seier Christensen, joined Saxo
Capital Markets SA when the new Johannesburg office was launched.

Website: http://www.za.saxomarkets.co.za

Rückfragehinweis:
Issued on behalf of: Saxo Capital Markets SA: Contact: Odelle
Joubert, Communications Manager, Saxo Capital Markets SA , Tel:
+27-83-651-8247 , Email: [email protected], Contact: Kasper
Elbjørn, Head of Group Public Relations, Saxo Bank A/S , Tel:
+45-3065-4300, Email: [email protected] ; Compiled and released by:
Fleishman-Hillard, Contact: Vanessa Sabbatini, Tel: +27-84-666-3113,
Email:
[email protected]

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