GENTOFTE, Denmark, July 3, 2007 (PRIME NEWSWIRE) -- In times of turbulent equities markets, innovative Middle Eastern investors are seeking more sophisticated multi product trading platforms, offering not only a high number of instruments, but also risk management abilities and sound strategic advice from a reputable and regulated entity.
Forex Expo 2007 is Jordan's first FX exhibition for both professionals and private investors. The main sponsor of Forex Expo Jordan Saxo Bank, a European investment bank, has drastically increased the number of its Middle Eastern clients over recent years. The bank's participation in Forex Expo Jordan appears to be a natural extension of the bank's regional activities.
FX Trading in the Middle East has grown significantly in the past decade, and today many investors look for more and more sophisticated trading platforms and also for a much more diversified portfolio. No other trading platform offers more FX Crosses, derivatives and functionalities than SaxoTrader, the award winning trading platform offered by Saxo Bank.
"The Middle East is a strategic market for Saxo Bank and we have a natural interest in Jordan as an emerging market with an open and stable economy," says Yaser Rawashdeh, senior associate at Saxo Bank's Sales Trading Desk. Yaser Rawashdeh, a native of Jordan, will be heading Saxo Bank's expo team at the forum.
"We see great opportunities in the recent developments in the Gulf countries, e.g. a lot of focus is on United Arab Emirates dirham and whether it will be appreciated against the dollar. There are talks of a 3% appreciation prior to meeting in September and it just happens that the SaxoTrader offers Middle Eastern currencies as well, which could be talk of the town in the near future," says Yaser Rawashdeh.
"There is a growing tendency among Middle Eastern investors to seek online trading platforms that can support much more sophisticated and diversified trading strategies. When the equity market goes down more investors trades FX, CFD's and commodities, and they need a first class multi product platform to execute their strategies successfully. Not only does Saxo Bank provide the world's best platform, we also give strategic advise several times a day online," explains Yaser Rawashdeh.
The SaxoTrader platform is fully translated into Arabic and clients can also chat online in Arabic with experts in Saxo Bank.
Jordan Forex Expo takes place 3rd-5th July 2007, at Grand Hyatt, Amman, Jordan.
About Saxo Bank A/S
Saxo Bank A/S is a modern investment bank specializing in online investments in the international Capital Markets. Saxo Bank enables clients to trade currencies, shares, CFD contracts, futures, options and other derivatives as well as portfolio management via our online trading platform -- SaxoTrader. SaxoTrader has been internally developed by Saxo Bank and is available to today's investor directly through Saxo Bank or through one of our global partnerships as an integral part of their own infrastructure. One of Saxo Bank's significant areas of business is White Labelling, which is the development of tailored versions of the online trading platform to other banks and brokerage houses. Saxo Bank has more than 70 White Label Partners and thousands of clients in 177 countries. The bank's website www.saxobank.com has approx. 65,000 visitors every day. Saxo Bank currently employs more than 1000 employees from 48 different countries. The bank is headquartered in Denmark, with operating offices in London, Spain and Singapore, and an IT development center in St. Petersburg, Russia.