Saxo plans to tap Japan

News

Denmark's Saxo Bank is opening an office in Tokyo to tap into the large volumes of foreign exchange transactions conducted from Japan.

Online forex traders in Japan account to close to $15 billion in daily turnover, according to 2007 data from the Tokyo Foreign Exchange Market Committee, an industry body.

Saxo Bank says 80% of its Asian forex trading volume comes from Japan. Meanwhile, Asia's contribution to Saxo Bank's revenues has grown from 20% in 2006 to 30% now.

The Danish bank says the growth

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here