Saxo Bank A/S, a global online trading and investment bank, has launched FX service in Japan following the the acquisition of Astmax FX Co. The purchase is approved by relevant regulatory bodies in Denmark and Japan.
The bank has reported that the acquisition and renaming of Astmax FX to Saxo Bank FX KK allows Saxo Bank to offer FX related products to the Japanese retail market under the Type 1 Financial Instrument Dealer license with the Japanese Financial Services Agency.
Wataru Kojima, Representative Director of Saxo Bank FX, said: “With Saxo Bank FX, investors will have access to over 155 FX crosses, state-of-the-art charting and analysis tools.”
Kim Fournais, co-CEO of Saxo Bank, said: “The decision to offer FX services to Japanese retail investors gives Saxo Bank a stronger foothold into the Japanese market.
