Saxo Bank Officially Opens in Poland

Saxo Bank, the Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term and investment specialist, today announced the opening of its newest branch in Warsaw. Saxo Bank Poland will provide Polish investors with access to international financial markets by enabling them to trade multiple asset classes across Saxo Bank’s award-winning online platforms.

In July Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates reported Saxo Bank's intentions to set up their Polish office.

The head of the new office is Maciej Jędrzejak.

The decision to enter the Polish market is part of the Bank’s ongoing development strategy. 26% of visitors on the Saxo Bank platform are now from Central Eastern Europe, more than any other region in the world. Compared to 2010, at the end of 2011 Saxo Bank saw an increase of 93% of assets by Polish clients.

Maciej Jędrzejak, Head of Saxo Bank in Poland, said:

“We have seen, for a number of consecutive years, a substantial increase in activity by Polish investors trading on a state-of-the-art multi-asset platform. With the new office we can offer them full access to a range of financial instruments. We will continue to extend our offering and tailor it to the sophisticated needs of Polish investors.”

Saxo Bank Poland offers retail investors access to 20,000 financial instruments, including stocks of companies listed on over 30 global stock exchanges, with the Warsaw Stock Exchange among them, 160 currency pairs, 8,300 CFDs, 1,500 ETFs and ETCs, futures and many others. The instruments are available through Saxo Bank’s platform available in three versions: desktop version Saxo Trader, browser-based Saxo Web Trader and Saxo Mobile Trader for mobile devices.

Saxo Bank is subject to financial supervision of the Danish supervision authorities, and has completed the procedure of notifying the Polish Financial Supervision Authority of its operations in Poland.

Kim Fournais and Lars Seier Christensen, co-founders and CEOs of Saxo Bank, said in a joint statement:

“As we celebrate our 20th anniversary, the opening of the new office in Warsaw is another milestone in Saxo Bank’s history and global expansion. We are fully committed to the region as it has always been tremendously important to Saxo Bank. We would like to thank the team for their hard work in supporting investors in the region with their investment and trading requirements, and we look forward to the further strengthening of our footprint in Central Eastern Europe.”