SAXO BANK collaborates with SMC Global Securities

Headquartered in Denmark, Saxo Bank is an EU-licensed bank with presence in 25 countries and a client base spanning 180 countries.

September 23, 2013 3:35 IST | India Infoline News Service
SMC Global Securities Ltd., a well diversified financial services company in India, and Saxo Bank A/S, the multi-asset online investment bank, today announced the launch of Saxo Bank’s online trading platform for its clients in India. The trading platforms of Saxo Bank A/S provide direct access to Equities, ETFs and Bonds spanning 33 stock exchanges across the USA, Europe, Asia, South America and Australia.
Headquartered in Denmark, Saxo Bank is an EU-licensed bank with presence in 25 countries and a client base spanning 180 countries. Saxo Bank offers trading platforms to banks and brokerage companies licensed to hold client funds. Introducing brokers of Saxo Bank A/S are allowed to offer the co-branded platforms under their own brand, which would be serviced by Saxo Bank A/S.

Speaking at the launch of this new overseas trading facility, Subhash C Aggarwal, Chairman and Managing Director of SMC Group, said: “With the growing appetite of Indian investors for overseas investing, we are introducing international trading platforms by Saxo Bank A/S which aims to provide the opportunity for the investor to truly diversify their portfolio across geographies, sectors, exchanges and products.”
“By introducing Saxo Bank’s online trading platform we are opening new opportunities to invest globally for our clients. Also, under the Liberalised Remittance Scheme (LRS) all resident individuals are allowed to freely remit up to USD 75,000 per financial year to acquire and hold immovable property or shares or debt instruments or any other assets outside India” 
added SMC’s, Director - Ajay Garg.
‘SMC International’, (co-branded version of Saxo Trader), the global online trading platform provided by Saxo Bank A/S is a comprehensive product that helps clients to make informed decisions and efficient real-time execution. Also offered are SMC International Swift (co-branded version of Saxo Web Trader), a browser based platform and SMC International Easy (co-branded version of Saxo Mobile Trader), a mobile platform provided by Saxo Bank A/S.

Rudra Dalmia, CEO of Saxo Financial Services said: “SMC Global Securities is our second client in India with a co-branded trading platform. The cooperation with SMC in India is in line with our global expansion plans as their footprint across the country allows us to offer Saxo Bank’s trading platform to SMC’scustomers.”

SMC International offers several benefits to the Indian investors, such as having a global reach that allows the Indian investors real-time access to equities across 33 foreign exchanges. Other benefits include transparent pricing, news, charting and data analysis system; and research reports on sectors and stocks. Other than direct access to dealers at Saxo Capital Markets through a two-way dealer chat, a dedicated account manager is also available for any customer service related issues.

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