EFG Hermes and Saxo Bank Team Up to Launch Multi-Asset Trading

EFG Hermes and Saxo Bank Team Up to Launch Multi-Asset Trading
16.11.2016 11:30 am

EFG Hermes and Saxo Bank Team Up to Launch Multi-Asset Trading

Trading Systems

EFG Hermes, a leading financial services corporation in the Arab World, and Saxo Bank, the online multi-asset trading and investment specialist announced today the signing of a strategic partnership agreement, which will enable full integration of Saxo Bank’s SaxoTraderGO platform with EFG Hermes’ new online trading platform, EFG Hermes One. The new platform will grant clients one-click access to financial instruments in both multiple Middle East and North Africa (MENA) markets as well as global exchanges.

The partnership will leverage EFG Hermes’ services and further solidifies its regional leadership position empowering investors to trade multiple asset classes from a single client account. The platform will enable more investors to explore investment opportunities and access global capital markets. EFG Hermes One also incorporates real-time market intelligence from EFG Hermes Research’s global award-winning team and international insights from Saxo’s strategy team.

EFG Hermes One is the first service to emerge from a comprehensive regional securities brokerage partnership between Saxo Bank and EFG Hermes. The companies will continue to deliver innovative trading solutions and give more opportunities to MENA investors by making professional trading and investing more accessible through cutting-edge technology and industry-leading expertise.

“MENA is a market with many interesting trading opportunities and by integrating Saxo Bank’s multi-asset, award-winning platform with EFG Hermes’ regional offering and reach, we are levelling the playing field and enabling a wide range of investors and traders to access a broad range of investment opportunities by equipping them with the latest trading and analytical tools,” said Saxo Bank’s CEO and co-founder Kim Fournais. 

“We are delighted to partner with  EFG Hermes. Through this partnership, EFG Hermes’ clients will benefit from Saxo’s more than 20 years of trading technology innovation and EFG Hermes’ more than 30 years of experience in the MENA region.” 

“In launching EFG Hermes One in partnership with Saxo Bank, our clients will gain access to trade global markets on the industry’s most intuitive multi-asset trade platform,” noted EFG Hermes Group Chief Executive Officer Karim Awad. “Our aim is simple: To revolutionize the way our clients trade and take control of their financial futures through innovative product offerings. The launch is the first step in a partnership that will see us expand our brokerage product offering, including those developed in partnership with Saxo Bank, to compelling new markets as we continue our transformation into a financial services corporation with access to MENA and frontier markets.”

“EFG Hermes One reflects our commitment to innovating on the product front to meet the changing needs of our diverse client base. For more than three decades, EFG Hermes has led the integration of MENA and global markets, whether through our world-class advisory, our flagship investor conferences or our push into frontier markets,” said Ahmed Waly EFG Hermes Co-head of Securities Brokerage. “Our partnership with Saxo Bank is the natural next step in delivering this vision as we continue to create value for our clients and shareholders alike.”

The platform will also provide investors access to One Intelligence, a real-time service provided by EFG Hermes Research including a comprehensive suite of tools including video briefings, weekly checkpoints and real-time access to market data. The platform leverages insights of EFG Hermes Research’s global-award-winning team, who cover c. 60% of the MENA region’s aggregate market capitalization. Investors are also provided with access to Saxo Bank’s insights on international markets. 

“EFG Hermes One gives clients intelligence every trading day to shape their strategies as well as weekly checkpoints to help them prepare for the week ahead. Research and execution blend seamlessly in EFG Hermes One: Clients can monitor watch lists and trade directly from their research screens — and access intelligence from their trading screens.” concluded Ahmed Shams, EFG Hermes Head of Research.

EFG Hermes One will be available to investors across the region next month.  

Related News

New derivatives exchange to level the crypto playing-field

The rapidly expanding community of crypto derivatives traders stands to benefit from an industry-grade trading service with the launch of ZUBR, a new high-performance exchange... Read more »

DriveWealth Forges First Partnership in Middle East and North Africa Region with UAE-Based Wealthface

DriveWealth, LLC,  a U.S. based leader in global digital trading technology, announced today a new partnership with ... Read more »

Aspire partners with GeTS in furthering fintech hub ambitions

In furthering Singapore as the fintech hub of Southeast Asia, Global eTrade Services (GeTS) has announced its partnership with Aspire, a Singapore-based startup with... Read more »

TransFICC and SoftSolutions to Provide Connectivity for Interest Rate Swaps

TransFICC, the specialist provider of low-latency connectivity and workflow services for Fixed Income and Derivatives Markets, and SoftSolutions, the developer of high-... Read more »

b-next provides compliance solution to major Russian bank

The German developer of specialised software b-next has concluded the past fiscal year with an important business deal. A major Moscow-based bank has decided to monitor... Read more »

Itiviti Recognized for Best Trading and Execution Platform at Asian Private Banker Technology Awards

Itiviti, a leading technology and service provider to financial institutions worldwide, today announced that its multi-asset trading and execution solution has won  Best... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel