saxo-bank-opens-tokyo-office

Saxo Bank opens Tokyo office

The Danish bank announces plans to expand its Asia-Pacific online trading business from Tokyo.
June 09, 2008
Copenhagen-based Saxo Bank, which describes itself as an online investment bank and E-Forex FX provider, has announced the opening of its new Tokyo office, Saxo Bank Japan K K.

In a press release, the bank said the opening of the Tokyo office is a strategic move by the Saxo Bank Group to ôstrengthen and expand its trading presence in the Asia-Pacific regionö.

Saxo Bank will reportedly focus on online financial business. Online FX traders in Japan account for close to $15 billion worth of daily transactions, the bank says, and approximately 80% of Saxo Bank GroupÆs Asia FX trading volume emanates from Japan.

Saxo BankÆs co-CEOs, Lars Seier Christensen and Kim Fournais, said the...
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