The Auto Auction Group

From May 2009 Saxo Dubai has increased its Middle East activities. Placed in the Dubai International Economic Centre the financial business has earned lots of encouraging feedback comming fom traders and clients in the zone.

Saxo Bank Ltd. United Arab Emirates was the platinum sponsor for one of the region s most notedbusiness forums – the third Arabian Business Conference at The Armani Hotel, Burj Khalifa on 29 November 2010. At the moment we witnessing the unfolding of the Danish investment bank’s representation in Dubai. It has in various ways been a success, despite the detail that the Dubai Financial Services Authority (DFSA) claimed Saxo Bank Dubai, had failed to check dealings and make due diligence on customers. An instance that has been stopped with no further actions from the authorities because it was established that Saxo Bank acted in good faith.

Specializing in foreign exchange, stocks and commodities trading Saxo Bank Ltd. United Arab Emirates is a contemporary worldwide investment bank. The bank provides an award-winning trading system. Investors in the area can by using the platform buy and sell Futures, Options and other derivatives, as well as Forex, CFDs and Stocks. The system are furthermore able to handle portfolio via SaxoWebTrader and SaxoTrader. Professionals and personal traders attended an event in Groevenor House Hotel in London, arranged by Shares Magazine, a weekly business journal, where Saxo Bank’s WebTrader platform was selected as the best web-based platform of the year 2010.

Also in the home nation Denmark, Saxo Bank expands its operations. As current developments, the bank has opened a new department for personal customers in Copenhagen, thereby entering the private market in Denmark. The director of banking activities Christian Kofoed Jakobsen is quoted: “More banking services are required. Private clients require a up-to-the-minute, simple and unproblematic banking, they’re not just content with the normal banking products.”Cash in advance, Online banking as well as all other services generally related with banking operations to private will be offered in the new bank. Saxo Bank will open departments in a wide range of major cities, if the venture is a success.