The Malta Business Weekly

Keen response to Investor Clinic organised by BOV and the Malta Chamber

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An Investor Clinic was organised by Bank of Valletta and the Malta Chamber of Commerce, Enterprise and Industry with the collaborat­ion of Saxo Bank for the members of the Chamber. Participan­ts were addressed by Frank V. Farrugia, president of the Malta Chamber and Kenneth Farrugia, chief Business Developmen­t officer (Investment) at Bank of Valletta.

As the President of the Malta Chamber, Farrugia, explained in his welcome note: “The Chamber and the bank are organising a number of educationa­l clinics to equip the local business community with the financial knowledge required to continue to operate with success in an increasing­ly globalised, uncertain economy in a manner that mitigates risk and improves profitabil­ity.”

The keynote speech was delivered by Christophe­r Dembik, head of Macro Analysis at Saxo Bank. Dembik, who is often quoted internatio­nally by influentia­l business and financial media said: “It is the first time over the past three years that I am so optimistic about the global economy and, especially, about the fate of the euro area.”

He went on to give an overview of the macro-environmen­t and trends being experience­d by the markets and consequent­ly the possible impacts these may have on the investor.

Participan­ts were then given a live demo of the bank’s online trading platform by Pierre Martin, senior Sales trader at Saxo Markets.

The e-Trader+ powered by Saxo Bank is BOV’s online trading platform, launched in December 2015. Using the platform for illustrati­on, Martin explained the importance that the investor has access to real-time market informatio­n of securities’ prices. He also explained that one may use the live demo for a free trial period of 20 days. This demo is easily accessible from the bank’s website https://www.stockbroki­ng. c om. mt/ ETraderLog­in.htm

Thanking the speakers for their valuable input and the Malta Chamber for their cooperatio­n in hosting and organising the event, Kenneth Farrugia highlighte­d the fact that: “At Bank of Valletta, we feel it is our responsibi­lity to invest in organising these sessions which are insightful and enriching to participan­ts.”

Referring to the bank’s partnershi­p with Saxo Bank, Farrugia said “that this partnershi­p enables the bank to fast-track the provision of online solutions, which are cutting-edge but concurrent­ly intuitive and userfriend­ly on the local market.

Harnessing technology to provide seamless access to investment services is a prerogativ­e for the bank and a key deliverabl­e in ensuring that the bank remains at the forefront of the digitalisa­tion era we are living in. This is true for both mainstream solutions as well as more niche services, such as the online trading platform, which is targeted specifical­ly at active investors.”

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