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Saxo Bank launches new office in Istanbul

Denmark-based online trading and investment firm Saxo Bank has opened its latest overseas branch in Istanbul, following the purchase of 89.54% of Deger Menkul Degerler in May 2012.

Apart from supporting the existing institutional client base, the new office will help customers by providing access to international financial markets.

Egemen Kaya has been appointed as the head of the new office, who was previously working as head of emerging markets and precious metals desk at Saxo Bank’s headquarters in Denmark.

Kaya said the low inflation and interest rates in Turkey, presents an attractive scenario for Turkish investors to invest in various international market products including Forex, international stocks, futures and options.

"By having a presence in this young and buoyant market, Saxo Bank and its Turkish subsidiary Saxo Capital Markets Menkul Degerler are now positioned well to facilitate these demands," Kaya added.

Saxo Capital Markets Menkul Degerler provides retail investors access to 20,000 financial instruments, including over 50 forex pairs, 8,300 CFD, Single Stock CFD on over 21 global stock exchanges, CFD ETFs, Stock Indices CFDs, Futures, Contracts Options among others.

Established in 1992 and headquartered in Copenhagen, the Saxo Bank Group trades in Europe, Asia, Middle East, Latin America and Australia.