Forex News: Saxo Bank, Quantifi, Dollar



Saxo Bank has announced the opening of a new office in Poland. The branch will be in Warsaw and will provide local investors to international financial markets through enabling them to trade several asset classes into the bank’s online platforms. There were talks about the issue since July. The head of the new office is Maciej Jędrzejak. It fills a gap on Saxo’s Bank development strategy. Nearly 26 percent of the customers come from Central Eastern Europe.

Compared to 2010, at the end of 2011 Saxo Bank there was a growth of 93% of assets by Polish clients. “We have seen, for a number of consecutive years, a substantial increase in activity by Polish investors trading on a state-of-the-art multi-asset platform. With the new office we can offer them full access to a range of financial instruments. We will continue to extend our offering and tailor it to the sophisticated needs of Polish investors”, Maciej Jędrzejak, Head of Saxo Bank in Poland, said.

Quantifi’s Risk Tools now offers OTC Commodities watch

Quatifi has launched its award-winning pricing and risk analysis software, Quantifi Version 10.3 (V10.3). The new software delivers important improvements to a range of products of Quantifi in a response to the market perspective and client demand for more asset coverage, improved enterprise performance and the latest innovations in counterparty risk management.

“Commodity derivatives are an important and growing asset class with over 10 trillion USD traded each month. This is an asset class with significant valuation and counterparty risk management challenges. Support for commodities is just one of many enhancements in this release that continues a long track record of rapidly translating research into solutions that directly address our clients’ business needs”, has declared Rohan Douglas, CEO of Quantifi.

Dollar climbs again againt major currencies

The American dollar when compared to the most relevant currencies. Weak data from the US, Europe and China stocks may have contributed for the result. Spain has acted strongly selling 4.8 billion euros (US$6.27 billion) of debt, but not enough to keep the euro up, but the euro still has slid to the lowest value in the week: it fell 0.6 percent to US$ 1.2969.  Against the yen, the euro declined 0.7 percent to trade at 101.52 yen. The dollar fell 0.1 percent to 78.28 yen.