Saxo Bank Announces Landmark Partnership with Lufax

PR64526

COPENHAGEN, Denmark, May 24, 2016/PRNewswire=KYODO JBN/ --

    Saxo gathers momentum in Greater China with second partnership of the year.

    Saxo Bank, the online multi-asset trading and investment specialist, has

today announced a new white label partnership with Lufax, China's largest

internet finance company.

    The partnership, expected to launch within the next three months, will see

Lufax leverage the trading technology that underpins the award-winning

SaxoTraderGO - providing Lufax's considerable client base with a seamless

experience across mobile and desktop platforms, including complete

functionality across the trade cycle - from pre-trade, execution and post-trade

services for ETFs and cash stocks initially.

    Overseas clients from Lufax will benefit directly from Saxo's multi-asset

capabilities - through access to global capital markets from one single account

incorporating data from both on and offshore products.

    Adam Reynolds, CEO Saxo Bank Asia Pacific, said: "Lufax is a milestone

company to commit to providing its clients with a best-in-class trading

experience through a white label partnership with Saxo Bank. Our second Chinese

partnership in a matter of weeks is multi-faceted; highlighting not only our

commitment to the empowerment of the region's investors and position as an

enabler of financial market activity in one of the world's largest markets, but

also the strength of our platform and OpenAPI technology - both of which we

believe to be integral to the future of trading globally."

    Gregory Gibb, CEO of Lufax added: "We are delighted to be able to offer an

alternative channel of this calibre to our trading community. Saxo Bank is at

the forefront of online trading and its expertise will strengthen our ambition

to be China's leading online wealth management provider."

    Today's news follows the signing of a tri-party agreement between Saxo Bank,

Wallstreet CN and LeanWork last month following Saxo's launch in the Shanghai

Free-Trade Zone in September 2015.

    Saxo Bank is one of the first financial institutions to give access to its

trading infrastructure through the bank's OpenAPI. The move, which covers

Saxo's multi-asset trading and back office infrastructure, will allow its

partners, clients and external developers to access over 20 years of trading

infrastructure innovation and enable them to customise their trading experience

and create new revenue streams.

    White label partnerships remain a fundamental part of Saxo Bank's business,

providing banks with a reliable, sophisticated and cost-efficient way to

replace outdated trading technology.

    Shanghai Lujiazui International Financial Asset Exchange, Lufax, is an

online marketplace for the origination and trading of financial assets. Lufax

was incorporated in Shanghai with the support of Shanghai's Municipal

Government, and has grown into China's largest internet finance company in less

than four years. As of April this year, Lufax's number of registered users

stood at over 21 million, a quarter of which are active investors.

    About Saxo Bank

    The Saxo Bank Group (Saxo) [http://www.saxobank.com/?cmpid=press-release ]

is an online multi-asset trading and investment specialist, offering a complete

set of trading and investment technologies, tools and strategies.

    A fully licensed and regulated bank, Saxo enables private and institutional

clients to easily trade multiple assets from a single margin account on

multiple devices seamlessly.

    Saxo's award winning trading technology platforms

[http://www.saxobank.com/platform?cmpid=press-release ] are available in more

than 20 languages and form the technology backbone of more than 100 financial

institutions worldwide.

    Saxo also offers traditional banking services through Saxo Privatbank in

select markets.

    Founded in 1992 [http://www.saxobank.com/about/?cmpid=press-release ] and

headquartered in Copenhagen, Saxo employs 1500 people in 25 offices across the

five continents.

SOURCE: Saxo Bank