Author Paul Holmes
Saxo Bank A/S, the Copenhagen-based online trading and investment specialist, will open a branch in Warsaw in Q4 2012 to facilitate access to international financial markets and other solutions offered by Saxo Bank for Polish investors. The CEO of the new Saxo Bank branch in Poland will be Maciej Jędrzejak.
Saxo Bank is subject to financial supervision of the Danish supervision authorities, and has now completed the procedure of notifying the Polish Financial Supervision Authority of its planned operations in Poland.
The Polish Zloty is currently trading at 3.38 against the greenback.
The decision to enter the Polish market is a result of the Bank’s development strategy. Due to the growing interest in the Bank’s products and services among Polish investors, Saxo Bank decided to establish a presence in Poland. The Warsaw branch will be the 22nd branch of Saxo Bank in the world.
Saxo Bank Poland will offer 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, futures, CFD, ETF, ETC and many others. The instruments will be available through Saxo Bank’s award-winning platform available in three versions: Saxo Trader, Saxo Web Trader (for web browsers) and Saxo Mobile Trader (for mobile devices).
Maciej Jędrzejak, CEO of the Saxo Bank branch in Poland;
“So far, our products and services had only been available on the Polish market through the online platform. As we see a growing interest among Polish investors to invest on the forex and global markets, we decided to open a branch in Warsaw. – Our services can be distinguished by their multiproduct nature – we offer access to the global financial market and thousands of instruments within a single platform. Security is another aspect that is very important for investors. Saxo Bank operates under a Danish banking licence and is covered by the Danish safety and guarantee system.”
Continuing investments in IT allow Saxo Bank to offer multi-product access and sophisticated trading platforms to individual traders in over 180 countries worldwide, as well as financial institutions authorised to keep funds of their customers, by offering them Saxo Bank’s White Label solution. Access to Saxo Bank technologies enables financial institutions to offer attractive investments to their customers, while keeping the characteristic features of their own brand and trademark.
Saxo Bank is co-title sponsor of Team Saxo Bank – Tinkoff Bank, which at present features two Polish riders: Rafał Majka and Jarosław Marycz.
Great step by Saxo. The Polish market is surely the biggest among all the Eastern EU countries.