Saxo Bank launches Tokyo office to strengthen APAC presence

Saxo Bank A/S, the leading online investment bank and E-Forex (FX) provider, announces today the official opening of its new Tokyo office, Saxo Bank Japan K. K.

The opening of the Tokyo office is a strategic move by the Saxo Bank Group to strengthen and expand its trading presence in the Asia Pacific region.

The Japanese financial market is undergoing major shifts as market players continue to search for new opportunities. This has spurred an increase in the number of technologically-savvy investors who have become better informed to make self-directed online trading decisions.

The market size of the Japanese online financial trading business is impressive. According to data from the Tokyo Foreign Exchange Market Committee, online FX traders in Japan account for close to US$15 billion worth of daily transactions. Approximately 80% of Saxo Bank Group's Asia FX trading volume emanates from Japan.

In a joint statement issued by Saxo Bank's co-CEOs, Lars Seier Christensen and Kim Fournais said that the new Tokyo office brings growth potential to the Saxo Bank Group.

"We are excited about the opportunities presented by Japan's very dynamic online trading landscape - Japanese investors are technology-driven and there is growing demand for the online trading services offered by Saxo Bank.

"We service customers in more than 180 countries with Saxo Bank's state-of-the-art technology, and strongly believe we will complement and enhance the local trading community."

The Tokyo office will be headed by Wataru Kojima, whose role will encompass the establishment and development of Saxo Bank Japan K.K. Kojima brings considerable experience of the Japanese market, and a close relationship with Saxo Bank's institutional clients in the region.

The Tokyo office will ...