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Saxo Bank becomes trading member of Luxembourg Stock Exchange

By Sunniva Kolostyak

September 11, 2020

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Danish online trading and investment FinTech Saxo Bank has become a trading member of the Luxembourg Stock Exchange (LuxSE), giving its clients access to the exchange’s 37 000 securities.

Saxo Bank’s 620 000 clients will now have access to LuxSE’s international instruments and the world’s sustainable securities, displayed in the Luxembourg Green Exchange (LGX).

Robert Scharfe, CEO of LuxSE, which specialises in the listing of international debt securities, commented that Saxo Bank’s client-centric approach and advanced technological capabilities make it a strong addition to its list of trading members.

“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, and our role is to facilitate transparent trading through secure and reliable platforms on our regulated markets,” Scharfe said.

Saxo BankSaxo Bank processes around 125,000 trades per day through platforms SaxoTraderGO, SaxoTraderPRO and SaxoInvestor, and it is the first Scandinavian company to become a trading member on the Luxembourg exchange.

Also commenting, Henrik Juel Villberg, Global Head of Trading & Market Access at Saxo Bank added: “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. Over the past years and particularly in 2020, we have had significant growth in the number of clients looking to take control over their investments. This is an important trend that we hope to support by also joining the Luxembourg Stock Exchange.”

Last year, LuxSE set out to address the needs of professional and private investors looking for opportunities in small-scale trading by launching a specific trading window on its platform for retail-sized orders in fixed-income securities. The LuxXPrime selection now counts more than 900 securities, including 150 green, social and sustainability bonds. As a trading member, Saxo Bank and its clients get automatic access to LuxXPrime.

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