Saxo Bank Offers Direct Online Trading in Brazilian Market
Saxo Bank, the specialist in online trading and investment, has launched four futures that will offer investors who are not residents in Brazil direct access to the Brazilian market. The products include the Bovespa Index and US dollar/Brazil real cross and enable investors to gain exposure to one of the currently most buoyant economies and hedge risks in their portfolios.
With this launch, Saxo Bank provides investors with four futures investment instruments – the Bovespa Index, Ibovspa Index Mini, BMF US dollar future and Mini BMF US dollar – that are available on all of the bank’s platforms: SaxoTrader, SaxoWebTrader and SaxoMobileTrader.
Moreover, Saxo Bank expands its coverage to over 20 futures markets and more than 80 trading venues, which can be accessed via a product range comprising more than 22,000 financial instruments.
Pedro Brigham, director of the Latin region for Saxo Bank, said: “The rise in commodity prices has put Brazil on investors’ radars. Its excellent economic growth, political stability and a liquid market where over 3.5 billion US dollars are traded on a daily basis have made the country the clear leader in Latin America at a time when investors increasingly demand greater access to emerging markets.”