A strategic partnership agreement was signed on Wednesday between EFG Hermes, a leading financial services corporation in the Arab world, and Saxo Bank, an online multi-asset trading and investment specialist.
The agreement will enable full integration of Saxo Bank’s platform, SaxoTraderGO, with EFG Hermes’ new online trading platform, EFG Hermes One. The new integrated platform will grant clients one-click access to financial instruments in multiple Middle East and North Africa (MENA) markets as well as global exchanges.
“We are delighted to partner with EFG Hermes. Through this partnership, EFG Hermes’ clients will benefit from Saxo’s 20 years of trading technology innovation and EFG Hermes’ 30 years of experience in the MENA region,” said Saxo Bank CEO and co-founder Kim Fournais.
“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,” EFG Hermes Group CEO Karim Awad noted.
Moreover the integrated platforms, which will be available to investors across the region next month, will incorporate real time market intelligence from both sides. This will increase the professional trading and investment accessibility by combining industry expertise with cutting edge technology.
“EFG Hermes One gives clients intelligence every trading day to shape their strategies as well as weekly checkpoints to help them prepare for the week ahead. Research and execution blend seamlessly in EFG Hermes One. Clients can monitor watch lists and trade directly from their research screens and access intelligence from their trading screens,” concluded Ahmed Shams, head of Research at EFG Hermes.
