- 26.04.2011, 09:36:19
- /
- OTE0004
Saxo Bank is First to Offer Direct Online Trading in Brazilian Market
Hellerup, Denmark (ots/PRNewswire) - 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 Bank, says:
"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, adds:
"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."
Read more: http://www.tradingfloor.com/posts/alan-plaugmann/produ
ct-news-saxo-bank-adds- brazilian-futures-exchange-3394
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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Rückfragehinweis:
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, [email protected]
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