Saxo Bank, a Danish fintech company, has added the Luxembourg Stock Exchange (LuxSE), an exchange for listing and trading securities, as its trading member.
14 September 2020 | AtoZ Markets – The coronavirus (COVID-19) pandemic has a dramatic impact on financial markets, including stock, bond, and commodities markets around the world. It also creates an unprecedented level of risk and causes investors to suffer significant losses. So, investors are now looking for investment opportunities to recover the loss.
Saxo Bank Becomes Trading Member of LuxSE
Saxo Bank has added the Luxembourg Stock Exchange (LuxSE) as its trading member. Its customers will have the opportunity to trader LuxSE’s international asset and sustainable securities, which will display at the Luxembourg Green Exchange (LGX). The bank is also giving the opportunity to its clients to trade 37,000 securities on the exchange. Henrik Juel Villberg, Global Head of Trading & Market Access at Saxo Bank, said:
“We aim to be the best facilitator in global capital markets for our clients. By joining the Luxembourg Stock Exchange, we expand our international multi-asset offering, particularly in bonds and equities. We look forward to offering our clients better prices and deeper liquidity as a result.”
It is the first Scandinavian-based trading membership for LuxSE. As a part of the membership, Saxo Bank and its customer will be able to automatically access LuxX Prime. LuxX Prime is a retail-sized bond trading platform. It also strengthens trader protection through real-time market monitoring and supervision of all trading activities. Robert Scharfe, CEO of LuxSE, said:
“It is with great pleasure that we welcome Saxo Bank as a new trading member. Investors are one of the driving forces behind the economic recovery from COVID-19. Our role is to facilitate transparent trading through secure and reliable platforms on our regulated markets.”
The Luxembourg Stock Exchange (LuxSE) is an exchange for listing and trading securities with more than 3000 issuers from over 100 countries. The exchange is based in Luxembourg City at 35A boulevard Joseph II.
Saxo Bank is a Danish online trading and investment fintech company. It provides trading services such as CFDs, stocks, FX, and ETFs. It also offers banking solutions to over 120 banks and brokers and over 300 financial brokers.
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