Saxo Capital Markets is a subsidiary of Saxo Bank and is regulated by the Australian Securities & Investments Commission.
SCM Australia offers traders in Australia with enhanced trading platforms SaxoTrader and SaxoWebTrader, permitting the trading of foreign exchange, CFDs and stocks with live streaming prices and lightning-fast stock trades.
SCM Australia CEO Anthony Griffin said in Australia, the company will be adopting the standard Saxo business model that has been successfully implemented in over 20 countries.
Saxo Bank co-founders and CEOs Kim Fournais and Lars Seier Christensen said that opening an office in Sydney is a strategic decision to support its Asia-Pacific expansion and growth strategy, and has always been a priority for Saxo Bank.
"The acquisition has brought with it both tremendous staff as well as a great range of clients. That has given us the critical mass for doing business here," Fournais and Christensen said.
