COPENHAGEN, Denmark, May 4, 2007 (PRIME NEWSWIRE) -- Saxo Bank has scooped up multiple top honors once again in the FX industry's benchmark poll, breaking for the first time into the elite class of 25 top players in the global foreign exchange space
Results of the 29th annual Euromoney FX poll, which were made public today, revealed first-place finishes for Saxo Bank in the single-bank platform category in four different sub-categories: speed of transaction execution, quality of pricing, post-trade services and options services. In the overall table of top foreign exchange banks worldwide, Saxo Bank leaped to 24th place, up from 36th place last year, and breaking into the top 25 for the first time in its history. Prior to last year, Saxo Bank did not rate among the top 50 foreign exchange providers globally.
Speaking on this year's poll results, co-CEO and co-founder Lars Seier Christensen issued the following statement: "We are proud to be recognized once again for the quality of our trading services, in both the execution and post-trade phrases. And we are particularly heartened that this recognition derives from the most important source -- foreign exchange clients around the world."
The Euromoney FX poll is widely acknowledged as the benchmark industry poll for global foreign exchange. Results were based upon qualitative responses from a field of more than 8,000 global treasurers, traders and investors, who were asked to rate their foreign exchange service providers in quality of transaction volume and post-transaction services.
Co-CEO and co-founder Kim Fournais offered additional comment on the significance of the awards: "We are equally delighted to be counted among the top 25 foreign exchange banks in the world, a great achievement for a company that has grown entirely organically since its humble start by two employees 15 years ago."
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 800 employees from 45 different countries. The bank is headquartered in Denmark, with operating offices in London and Singapore, and an IT development center in St. Petersburg, Russia.