Saxo Bank has partnered with Hong Kong-based Valuable Capital Group in an effort to collaborate in providing investment services to global clients.
The partnership aims to leverage Saxo Bank’s trading technology and access to global capital markets in order to provide clients with investment services.
Valuable Capital Group will provide investors with access to more than 35,000 financial instruments, thereby enabling Saxo Bank to enhance its product offering as well as its clients’ user experience, by creating a diversified and professional trading environment.
Chairman of Valuable Capital Group, Ge Xu, said in a statement: “By cooperating with Saxo Bank, Valuable Capital Group is able to provide clients with access to global financial markets with a specific focus on the European markets. We are committed to the technological reforming of financial services in Hong Kong and working with Saxo Bank, a leading global multi-asset trading and investment specialist, is a milestone for the Group.”
Changing the Face of AML with Self Service AnalyticsGo to article >>
Valuable Capital Group became a part of SINA Corporation Group in 2017, when the latter invested in the former, as a means of extending its operations across global markets.
Commenting on the newly formed partnership, Kim Fournais, founder and CEO of Saxo Bank, said in a statement: “We see partnerships and increased cooperation as one of the most disruptive factors in the financial industry. By entering into cooperation and leveraging each other’s strengths, partnerships help deliver truly best-in-class client experience much more efficiently.”
He added: “Saxo Bank was a fintech long before the term was created and we use that strong technology foundation to deliver wholesale solutions and Banking-as-a-Service. We look forward to working with Valuable Capital Group to leverage on its local expertise and Saxo Bank’s unique technology and access to global capital markets.”
Saxo Bank appears intent on expanding its client base and operational reach. The newly created partnership with Valuable Capital Group is not even the first partnership formed this week, as the company joined Banca Generali to offer online investment services in the Italian market.
The efforts of Saxo Bank appear to be affecting its performance metrics. February induced record-breaking trading volumes, which were boosted by high volatility levels at the start of the month. If Saxo’s recent partnerships help to expand its client base, these records could be re-written again.