SAXON FINANCIALS Ltd Starts Operations On The WSE

On 27 May 2009, SAXON FINANCIALS Ltd, a company of British origin operating in Poland through its Warsaw branch, started trading on the WSE in all derivative instruments on its own account.

Saxon Financials Ltd is the first company operating on the WSE as a member without a broker license (acting as a “local”). Such arrangement is permitted by law under the condition that trading is done only in derivative instruments, futures and options, and on the company’s own account. Another requirement is that the transactions’ counterparty risk must be borne by clearing members.

Saxon Financials Ltd is a proprietary trading firm (investing on its own account only) launched in 2000. It provides its traders access to markets and professional trading solutions as well as the capital to invest on the firm’s own account.

Saxon Financials Ltd deals in equities and derivatives on CBOT, CME, Eurex, Liffe, SGX, TSE, as well as in interest rates contracts. Apart from investing, the firm is also a market maker on two exchanges: Liffe and SGX (Singapore Exchange).

For more information about Saxon Financials Ltd, please visit www.saxonfinancials.com