The deal was orchestrated by Saxo Markets Singapore, the Singapore unit run by CEO Adam Reynolds.。Under the deal, Guotai Junan's Chinese customers will be served by Saxo Markets.。

Saxo, a privately held company controlled by China Geely Group, has set up an office in Shanghai, China。

Founded in 1992, Guotai Junan is one of the oldest and oldest securities companies in China.。

The Chinese company currently offers exchange-traded and OTC products to clients in Shanghai, Shenzhen and Hong Kong.。However, through its partnership with Saxo, the company can now expand its offering to contracts for differences across more than 9,000 financial instruments, including 29 stock indices, 190 forex pairs and crosses, as well as commodities and options.。

Adam Reynolds, CEO of Saxo Singapore, said of the new company:

"Saxo is a leading provider of digital trading and investment services。As we strengthen our cooperation in the areas of brokerage, clearing, asset and wealth management, custody, foreign exchange, futures, staff training and information exchange, we believe that our respective expertise can be a win-win in innovation as we help more people invest in global financial markets.。"

Saxo recently reported a decline in foreign exchange trading volume, down about 6% month-on-month, and white-label and bulk brokerage deals with institutions such as Guotai Junan are a way for the bank to increase trading volume and revenue without the need to acquire a large number of retail customers, which are expensive and highly competitive.。