The financial services corporation in the Arab World, EFG Hermes, has just signed a strategic partnership agreement with Copenhagen-based Multi Asset broker Saxo Bank.
The move is said to be aimed at enabling 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, said the statement from EFG Hermes.
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, it stated.
Saxo Bank’s chief executive and co-founder Kim Fournais, stated:
Mena is a market with many interesting trading opportunities and by integrating Saxo’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.
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 region,” he added.
EFG Hermes Group chief executive Karim Awad concluded:
Our aim is simple: To revolutionise the way our clients trade and take control of their financial futures through innovative product offerings.