Saxo Bank considers adding EGX to global markets by end of 2015

Denmark’s Saxo Bank is investigating the possibility of adding the Egyptian Exchange to the list of global stock markets for which the bank allows stock trading by the end of 2015, according to Mohamed El Masry, Development Manager of the Saxo Bank in the Middle East.

The Middle East represents 15% of total stock dealings that take place through Saxo Bank, according to El Masry.

Masry believes that the Egyptian Exchange has a promising future in light of the political stability that lies ahead.

The bank offers stock trading for 80 global markets through an online platform.

“Saxo Bank performs all operations online and focuses on global financial market trade using all tools, including Forex, stocks, commodities, energy, precious metals and traded funds,” said El Masry.

He added that the bank not only offers online financial services to individual investors, but also to broker consultants and other financial institutions.

Total Saxo Bank deposits amount to $60m, according to El Masry.