GENTOFTE, Denmark, July 18, 2005 (PRIMEZONE) -- The editors and judges at FX Week awarded "Best Retail Platform for FX trading" to Saxo Bank at its second annual U.S. congress, eFX Week USA 2005. This closely watched and competitive category effectively crowns the winner as the thoroughbred of the industry. The SaxoTrader, a multi-product information, execution and risk management platform, stepped past competing offerings from FXCM, CMC, Gain Capital and many other well-known platforms. For the Danish Investment Bank, this worldwide industry recognition marks its eighth consecutive blue ribbon performance since entering the awards field in 2003."We are gratified to have earned this recognition," commented co-CEO Lars Seier Christensen. "The SaxoTrader is at the center of our business model. Saxo Bank is a facilitator in the capital markets industry, and the platform is how we deliver superior liquidity, trade execution, news and risk management. Naturally, we're delighted and feel quite privileged to see the SaxoTrader earn this accolade."
The FX Week U.S. Congress evaluated dozens of platforms during the last months leading to this one-day congress which featured important discussion and debate among leading industry traders, business strategists and analysts with a focus on the rapidly expanding online capital markets industry. The highly anticipated e-FX awards capped the day's activities.
Editor at FX Week, Simon Falush says, "Saxo Bank wins the best retail platform award because it offers one of the most comprehensive offerings to customers, and has been growing at a remarkable rate. More than 130 currency crosses are available to traders who have access to multiple order types and many trading modules."
Explained co-CEO Kim Fournais, "While the platform speaks for itself, this award is a significant endorsement of what thousands of serious traders experience every day. Even more exciting, is the next generation of the SaxoTrader, our version 2, which will truly redefine the online trading experience."
Fournais also commented on the location of the venue, "We are encouraged to see more acceptance of online trading in the USA. Having FX Week stage this congress in New York reaffirms our belief that the marketplace is expanding. We believe this is a case of the right time, the right place, and the right product."
Notes to the editor
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. Today, Saxo Bank's most significant area 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 58 White Label Partners and thousands of direct clients in more than 120 countries. The bank's website www.saxobank.com - has a membership of over 500,000 and is visited by more than 60,000 investors every day. Saxo Bank currently employs more than 330 employees from 32 different countries.
For more information please contact Ann Sophie Friis, Press Officer Direct phone: +45 3977 4358 Cell phone: +45 3065 4358 e-mail: asf@saxobank.com
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