Saxo Capital Markets Opens Office in Uruguay for Private Investors

MONTEVIDEO, Uruguay, February 27, 2013 /PRNewswire/ --

Saxo Bank has consolidated its commitment to Latin America by opening a new office in Montevideo, Uruguay today. Saxo Capital Markets Agente de Valores, SA, is intended to bring the Bank closer to its customers in the region and offer a service that is fully adapted to the needs of Latin American investors.

Saxo Bank entered the Latin American market in 2012 with the acquisition of Uruguayan broker NVN Securities, Agente de Valores, which was founded in 2005 and is fully authorised by Uruguay's Central Bank From the new office which is located in the Zonamérica district, the financial and business centre of Uruguay, Saxo Bank will provide all retail clients in Latin America with a service that is completely tailored to their investment needs.

Luis Simões Pereira, Director of Saxo Capital Markets Uruguay, says:

"With the opening of Saxo Capital Markets Agente de Valores, SA, we are expanding our presence on a continent with some of the most effervescent economies in the world. We've seen a significant and constant increase in trading among Latin American investors, largely due to the improved economic situation and the quick development of technological infrastructure. The aim of this new office is to develop the business even more and become closer to our customers and their needs. We are continuing to expand our offer and adapt it to Latin American investors through our modern multiple assets platform."

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

"The opening of the new office in Montevideo is another milestone in Saxo Bank's history and global expansion. With this new office, we expand our presence in a vibrant and eclectic continent that has much to offer.  Latin America has some of the most promising economies and we anticipate investors will require a broader range of financial products such as Forex, international stocks, futures and options. By having a presence in this market, Saxo Bank is well positioned to facilitate these demands together with our institutional clients."

Saxo Capital Markets offers private investors access to 20,000 financial instruments including corporate shares traded on more than 30 stock markets, 160 currency pairs, 8,400 CFDs, 1,500 ETFs and ETCs, futures and more. These instruments are available through SaxoTrader, a platform designed for PCs; SaxoWebTrader, accessible from any Internet browser and applications for the iPhone, iPad and Android which give access to markets from any of these mobile devices.

Saxo Capital Markets Uruguay recently launched its new website, latin.saxomarkets.com, reflecting client proximity and the extensive product offering in Latin America.

The Saxo Bank Group was founded in 1992 by its co-CEOs Kim Fournais and Lars Seier Christensen. Since 2006, Saxo Bank's geographical footprint has expanded rapidly and today, in addition to its headquarters in Denmark, the EU-regulated Bank is present in 22 countries.

About Saxo Capital Markets Latin America

Saxo Capital Markets Agente de Valores, SA is a leading online trading and investment specialist focused on Latin American investors. A fully licensed and regulated broker by the Uruguayan Central Bank,

Saxo Capital Markets enables private investors' access to 20,000 financial instruments including corporate shares traded on more than 30 stock markets, 160 currency pairs, 8,400 CFDs, 1,500 ETFs and ETCs, futures and more via its specialised and fully integrated trading platforms; the browser-based SaxoWebTrader, the downloadable SaxoTrader and the application for iPhone, Android and iPad available in over 20 languages. Saxo Capital Markets is part of the Saxo Bank Group.

About Saxo Bank

Saxo Bank is a leading online trading and investment specialist, offering private investors and institutional clients a complete set of tools for their trading and investment strategies. A fully licensed and regulated European bank, Saxo Bank enables clients to trade FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives via three specialised and fully integrated multi-asset trading platforms; the browser-based SaxoWebTrader, the downloadable SaxoTrader and the SaxoTrader app. The platforms are available in over 20 languages and are white-labelled by more than 100 major financial institutions worldwide. Saxo Bank also offers professional portfolio and fund management as well as traditional banking services through Saxo Privatbank. Founded in 1992, the Saxo Bank Group is headquartered in Copenhagen with 23 local offices throughout Europe, Asia, Middle East, Latin America, Africa and Australia.

SOURCE Saxo Bank