Danish online multi-asset trading and investment specialist Saxo Bank have announced the opening of their new office in Istanbul.
In May 2012, as reported by Forex Magnates, Saxo Bank acquired 89.54% of Değer Menkul Değerler, a local broker with a securities license.
The new branch will support and grow Saxo Bank’s existing institutional client base, offering access to Turkish markets as well as providing Turkish investors with access to international financial markets.
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Leading the Turkish operation is Egemen Kaya, previously Head of Emerging Markets and Precious Metals Desk at Saxo Bank’s headquarters in Denmark.
Mr. Kaya commented: “With the new stock exchange structure, Borsa Istanbul, improving technological infrastructure as well as newly established single stocks options market, Turkey has begun to demonstrate to the rest of the world its capabilities and investment potential. Low inflation and interest rates are present in Turkey, and Saxo Bank anticipates an increasing number of Turkish investors to ask for a broader range of international market products such as Forex, international stocks, futures and options. By having a presence in this young and buoyant market, Saxo Bank and its Turkish subsidiary Saxo Capital Markets Menkul Değerler are now positioned well to facilitate these demands. ”
Kim Fournais and Lars Seier Christensen, founders and CEOs of Saxo Bank, said in a joint statement: “The opening of the new office in Istanbul is another milestone in Saxo Bank’s history and global expansion. Turkey has for many years been tremendously important to Saxo Bank and presents an excellent opportunity for us with its increasingly expanding financial market. Istanbul has the potential to become one of the leading financial centres in the world, and our own presence there will enable us to add direct value for Turkish investors and fully support them with their diverse trading requirements. ”
Saxo Capital Markets Menkul Değerler A.Ş offers retail investors access to 20,000 financial instruments, including 50+ forex pairs, 8,300 CFDs, Single Stock CFDs on over 21 global stock exchanges, CFD ETFs, Stock Indices CFDs, Futures, Contracts Options and many others. The instruments are available through Saxo Capital Markets’ platform which comes in three versions: the desktop based SaxoTrader, browser-based SaxoWebTrader and the SaxoTrader mobile application.