This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Saxo Capital Markets Opens Office In Uruguay For Private Investors

MONTEVIDEO, Uruguay, February 27, 2013 /PRNewswire/ --

Saxo Bank has consolidated its commitment to Latin America by opening a new office in Montevideo, Uruguay today. Saxo Capital Markets Agente de Valores, SA, is intended to bring the Bank closer to its customers in the region and offer a service that is fully adapted to the needs of Latin American investors.

Saxo Bank entered the Latin American market in 2012 with the acquisition of Uruguayan broker NVN Securities, Agente de Valores, which was founded in 2005 and is fully authorised by Uruguay's Central Bank From the new office which is located in the Zonamérica district, the financial and business centre of Uruguay, Saxo Bank will provide all retail clients in Latin America with a service that is completely tailored to their investment needs.

Luis Simões Pereira, Director of Saxo Capital Markets Uruguay, says:

"With the opening of Saxo Capital Markets Agente de Valores, SA, we are expanding our presence on a continent with some of the most effervescent economies in the world. We've seen a significant and constant increase in trading among Latin American investors, largely due to the improved economic situation and the quick development of technological infrastructure. The aim of this new office is to develop the business even more and become closer to our customers and their needs. We are continuing to expand our offer and adapt it to Latin American investors through our modern multiple assets platform."

Kim Fournais and Lars Seier Christensen, founders and CEOs of Saxo Bank, said in a joint statement:

"The opening of the new office in Montevideo is another milestone in Saxo Bank's history and global expansion. With this new office, we expand our presence in a vibrant and eclectic continent that has much to offer.  Latin America has some of the most promising economies and we anticipate investors will require a broader range of financial products such as Forex, international stocks, futures and options. By having a presence in this market, Saxo Bank is well positioned to facilitate these demands together with our institutional clients."

Saxo Capital Markets offers private investors access to 20,000 financial instruments including corporate shares traded on more than 30 stock markets, 160 currency pairs, 8,400 CFDs, 1,500 ETFs and ETCs, futures and more. These instruments are available through SaxoTrader, a platform designed for PCs; SaxoWebTrader, accessible from any Internet browser and applications for the iPhone, iPad and Android which give access to markets from any of these mobile devices.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,614.81 +215.14 1.31%
S&P 500 1,941.28 +37.27 1.96%
NASDAQ 4,419.4780 +103.4040 2.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs