Saxo Capital Markets, the Singapore subsidiary of Saxo Bank A/S Denmark, has formalized a data feed arrangement with the exchange regarding the issue that stock listed on the Singapore Exchange (SGX) can now be traded directly via the internet by the global clients of Saxo Bank, an online trading platform, a published report said on 7 August,2007.
Clients of Saxo will be able to trade all Singapore-listed stocks which is the third Asian exchange made available on Saxo trader from their computers anywhere in the world. Investors based in the city-state can also gain direct market access to stocks on 21 exchanges via Saxo’s Platform Saxo Trader, the report said.
“We have been growing by 50 to 60 per cent every year, and we expect to continue at this rate for the foreseeable future,” The Business Times quoted Kevin Ashby, chairman and chief executive of Saxo Capital Markets, as saying.
Saxo Capital Markets was set up in the year 2006 and now has 79 staff. Its parents was established 15 years ago which has more than 1,000 employees in 50 countries. While only 18 percent of investors in the region currently trade online, it is expected to be increased to 30 percent in five years, said Kevin Ashby, chairman and chief executive of Saxo Capital Markets.
