Saxo Capital Markets HK joins the SEHK

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Saxo Capital Markets HK Limited, an online trading and investment platform, has strengthened its ties to the Hong Kong market by enrolling as a participant on The Stock Exchange of Hong Kong (SEHK), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX).

Saxo will broaden the range of securities products, accelerate expansion plans, and increase distribution and capabilities as an exchange participant. Participants have access to a wide variety of securities instruments, including callable bull/bear contracts, derivative warrants, exchange traded goods, equity warrants, and equity warranted securities.

Saxo Hong Kong’s CEO, Richard Douglas, stated:

“We’re thrilled to join one of the world’s premier international trading networks to reinforce our advantage in the market – offering our clients and partners unparalleled access to relevant products across asset classes. By joining forces with the HKEX, we can offer our clients even more efficient trade execution and a broader suite of products.”

Chief Operating Officer and Co-Head of Markets at HKEX, Wilfred Yiu, said:

“We warmly welcome Saxo as an SEHK participant. The addition of new international participants like Saxo helps add vibrancy to our markets. HKEX is committed to enhancing the competitiveness and resilience of our markets, working together with our partners and stakeholders to further elevate Hong Kong’s status as an international financial center.”

Saxo has selected HSBC to serve as its Third Party Clearing provider in order to maximise operational effectiveness and fulfil general clearing responsibilities.

At HSBC, Rafael Moral Santiago is the regional head of securities services for Asia Pacific, the Middle East, and North Africa.

“We are pleased to offer Saxo operational, liquidity and capital benefits through our Third Party Clearing solution. Our real-time post trade platform offers seamless integration between the client and the depositories from market clearing to client settlement, asset servicing and IPOs. We continue to invest in these solutions to give our broker-dealer clients a seamless post trade experience.”

Saxo recently enhanced its eIPO and EDDA services to enable clients in better utilising and protecting their assets during difficult market conditions and economic cycles, in addition to the recent exchange membership and clearing collaboration.

“As one of the first financial institutions to develop an online trading platform back in the 90s, Saxo has a strong track record weathering the market uncertainties together with our clients, and our commitment to the Hong Kong market remains steadfast.” Richard added.

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