EFG Hermes, a leading financial services corporation in the Arab World, said it has signed a strategic partnership agreement with Saxo Bank, the online multi-asset trading and investment specialist.

The move is aimed at enabling full integration of Saxo Bank’s SaxoTraderGO platform with EFG Hermes’ new online trading platform, EFG Hermes One.

The new platform will grant clients one-click access to financial instruments in both multiple Middle East and North Africa (Mena) markets as well as global exchanges, said the statement from EFG Hermes.

The partnership will leverage EFG Hermes’ services and further solidifies its regional leadership position empowering investors to trade multiple asset classes from a single client account.

The platform will enable more investors to explore investment opportunities and access global capital markets, it stated.

EFG Hermes One is the first service to emerge from a comprehensive regional securities brokerage partnership between Saxo Bank and EFG Hermes, said the statement.

The companies will continue to deliver innovative trading solutions and give more opportunities to Mena investors by making professional trading and investing more accessible through cutting-edge technology and industry-leading expertise, it added.

On the tie-up, Saxo Bank’s chief executive and co-founder Kim Fournais, said: "Mena is a market with many interesting trading opportunities and by integrating Saxo’s multi-asset, award-winning platform with EFG Hermes’ regional offering and reach, we are levelling the playing field and enabling a wide range of investors and traders to access a broad range of investment opportunities by equipping them with the latest trading and analytical tools."

"Through this partnership, EFG Hermes’ clients will benefit from Saxo’s more than 20 years of trading technology innovation and EFG Hermes’ more than 30 years of experience in the region," he stated.  

EFG Hermes Group chief executive Karim Awad said: "Our aim is simple: To revolutionise the way our clients trade and take control of their financial futures through innovative product offerings."

"The launch is the first step in a partnership that will see us expand our brokerage product offering, including those developed in partnership with Saxo Bank, to compelling new markets as we continue our transformation into a financial services corporation with access to Mena and frontier markets," he added.-TradeArabia News Service