LONDON, May 19, 2011 /PRNewswire/ -- Saxo Bank, the specialist in online trading and investment, has announced it will provide TD Waterhouse, the UK's leading execution only broker, with an online derivatives trading platform for retail investors. Through Saxo Bank's technology and service, TD Waterhouse will enhance its offering to enable customers to take control of their trading through TD Derivatives Trading for Contracts for Differences (CFDs), FX and Futures.
The TD Derivatives Trading account, which will be provided by Saxo Bank, has been developed to respond to the needs of sophisticated derivatives traders. Clients can trade CFDs (http://www.saxobank.com/en/trading-products/cfds-stocks/pages/online-cfd-trading.aspx) with commissions starting from 0.15% (minimum GBP15) on all markets. They can also take advantage of one of the leading FX Trading (http://www.saxobank.com/en/trading-products/forex/pages/forex-trading.aspx) offerings available, with access to more than 160 FX currency pairs. The account also includes Futures (http://www.saxobank.com/en/trading-products/futures/pages/futures-oil-trading.aspx), enabling customers to trade over 450 instruments on live market prices from exchanges around the world. TD Derivatives Trading clients can also create their perfect trading environment using two, free customisable platforms that can be adapted to their exact specifications.
Darren Hepworth, trading and customer services director at TD Waterhouse, commented: "We always strive to ensure our customers have access to the best products and services. With the launch of TD Derivatives Trading, our customers can take control of their trading needs and create their perfect trading environment."
Albert Maasland, CEO of Saxo Bank London, added: "We are thrilled to be working with the preeminent execution only broker, TD Waterhouse. Their decision to adopt Saxo Bank's technology and service are testament to the effectiveness of our offering in the retail market place. We strive to develop a collaborative business model, and the launch of this service reinforces the strength of our Institutional solutions."
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About Saxo Bank (http://www.saxobank.com/en/pages/default.aspx):
Saxo Bank is a leading online trading and investment specialist with a worldwide client base. The three specialised and fully integrated trading platforms; the browser-based SaxoWebTrader, the downloadable SaxoTrader and the SaxoMobileTrader application are available in over 20 languages. Saxo Asset Management accommodates high-net worth private clients and institutional investors. In 2010 Saxo Bank continued the diversification of its business with acquisitions of Saxo-E*Trade Bank, a specialist in online investment, and Brørup Sparekasse, a Danish savings bank. The Saxo Bank Group is headquartered in Copenhagen with offices throughout Europe, Asia, Middle East and Australia.
About TD Waterhouse:
TD Waterhouse is the UK's leading execution-only broker, servicing approx 200,000 UK customers with over GBP3.77 billion in customer assets (stocks and cash) under management. It is a subsidiary of the TD Bank Group (TD or the bank), the 6th largest bank in North America by branches. TD has 81,000 employees in offices around the world, serving 19 million customers with client assets of CDN$616 billion (as at 31, January 2011).
Media enquiries: Kasper Elbjørn Head of Group Public Relations Saxo Bank 40 Bank Street Canary Wharf London E14 5DA +45-3977-4300
SOURCE Saxo Bank