Saxo Capital Markets HK Limited, an online trading and investment specialist, has become a participant of The Stock Exchange of Hong Kong (SEHK) the wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), marking a further step of the firm’s commitment to the Hong Kong market.

As an exchange participant, Saxo will accelerate its growth ambitions, broaden the suite of securities products, and expand its distribution and capabilities. Participants can deal in a wide range of securities products such as equity securities, equity warrants, Exchange Traded Products, derivative warrants, and Callable Bull/Bear Contracts, etc.

Richard Douglas, CEO of Saxo Hong Kong, said:

“We’re thrilled to join one of the world’s premier international trading networks to reinforce our advantage in the market – offering our clients and partners unparalleled access to relevant products across asset classes. By joining forces with the HKEX, we can offer our clients even more efficient trade execution and a broader suite of products.”

Wilfred Yiu, Chief Operating Officer and Co-Head of Markets, HKEX, said:

“We warmly welcome Saxo as an SEHK participant. The addition of new international participants like Saxo helps add vibrancy to our markets. HKEX is committed to enhancing the competitiveness and resilience of our markets, working together with our partners and stakeholders to further elevate Hong Kong’s status as an international financial center.”

To maximize operational efficiency and fulfil general clearing obligations, Saxo has appointed HSBC as its Third Party Clearing provider.

Rafael Moral Santiago, Regional Head of Asia Pacific, Middle East and North Africa for Securities Services at HSBC commented:

“We are pleased to offer Saxo operational, liquidity and capital benefits through our Third Party Clearing solution. Our real-time post trade platform offers seamless integration between the client and the depositories from market clearing to client settlement, asset servicing and IPOs. We continue to invest in these solutions to give our broker-dealer clients a seamless post trade experience.”

In addition to the recent exchange membership and clearing partnership, Saxo recently upgraded its eIPO and EDDA services to support clients to better utilise and protect their assets during challenging market conditions and economic cycles.

“As one of the first financial institutions to develop an online trading platform back in the 90s, Saxo has a strong track record weathering the market uncertainties together with our clients, and our commitment to the Hong Kong market remains steadfast.” Richard adds.