Health Upgraders

In May 2009 Saxo Dubai rolled out theire expansion in middle eastern markets. Placed in the Dubai Intercontinental Financial Heart the bank has gained a lot of supportive response comming fom investors and business partners in the zone.

The 3rd Arabian Big business Conference organized at The Armani Hotel, Burj Khalifa on 29 November 2010 was co-sponsored by Saxo Bank Dubai, UAE. So results today reveals, the presumptions of Saxo Bank’s representation in Dubai has been depressing, even though the Dubai Financial Services Authority (DFSA) said Saxo Bank Dubai, a unit of the Danish investment bank, had failed to complete due diligence on business partners as well as keep an eye on transactions. An issue that has been closed with no additional actions from the authorities since it was recognized that Saxo Bank acted in good faith.

Bank Saxo Dubai is an international investment bank specializing in foreign exchange, stocks as well as commodities trading. The bank provides an award-winning trading system. Traders in the area can by using the system trade Futures, Options and other derivatives, as well as Forex, CFDs and Stocks. The platform can furthermore control portfolio via SaxoWebTrader and SaxoTrader. The Web based trading system was awarded as top web based platform 2010. The reward was organized in Arab African International Bank, Dubai Islamic Bank and Middle East Bank . The Shares Magazine, a business magazine for personal and expert traders was the maker of the event.

It is not just in the Middle East Saxo Bank unfold its operations. As current developments, the bank has opened a new department for private customers in Copenhagen, thus entering the private market in Denmark. Christian Kofoed Jakobsen, chief of banking activities says: “The modern client don’t choose usual banking products, but they’re expecting up to date, intelligent, easy banking. There is without a doubt a market for more banking services.”All banking operations typically associated with private banking such as cash in advance and online banking will be possible in the new division. In case the new division appears to be a good deal, Saxo Bank will open departments in other major cities.