Information  X 
Enter a valid email address
  Print      Mail a friend       More announcements

Tuesday 03 June, 2008

Saxo Bank A/S

Saxo Bank awarded Institutional Foreign Exchang...

1 June 2008 World Finance magazine has recognised Saxo Bank as the
Institutional FX provider of the year, an award that highlights the
success of the bank's White Label Partner (WLP) Strategy.

As one of the pioneers in white-labeling of online trading, Saxo Bank
now reaps the benefits of establishing institutional relationships,
around the world says Kim Fournais and Lars Seier Christensen,
co-CEOs and founders of Saxo Bank.

"This is the first time Saxo Bank has received a World Finance
magazine award and it is a great honour to achieve this recognition,"
says Mr Fournais. "Early on, we acknowledged the necessity of
establishing strong, long-lasting relationships with financial
professionals that had a deep understanding of the local and
financial culture of our clients. We see the World Finance award as a
clear validation of the success and efficiency of our White Label
Partner strategy," he adds.

Today, Saxo Bank has more than 120 White Label Partners globally,
that have adapted Saxo Bank's multi-product platform to their unique

Mr Christensen comments: "As banks and financial institutions wake up
to the growing potential of the online trading market, they continue
to look for the best technological solutions for gaining quick and
reliable access to the sector." Mr Christensen adds: "In the early
90's, Saxo Bank foresaw this market opportunity and our goal since
then has been to secure this strong and valuable position as best
providers to both institutional and retail clients."

The prestigious accolade follows several others awarded to the Bank,
including the Euromoney Fastest Growing FX Bank of 2008 award. It
follows just weeks after Saxo announced it would take a 35 % equity
holding in Tricom, a Sydney based brokerage and that it would join
forces with the French brokerage, Cambiste on 28 May.

The World Finance magazine's awards are based on a wide range of
selection criteria, with market leadership and geographic spread
being heavily weighted. Other criteria include level of transparency,
good governance, as well as innovation, originality and the ability
to stay ahead of the competition. Among its readers, World Finance
magazine features more than 120,000 CEO's and top business executives
from financial institutions world-wide.

Further information please contact:

Ekaterina Polat +45 3977 4340, [email protected]
Kirstine Kloster Andersen +45 3977 6444, [email protected]

About Saxo Bank

Saxo Bank is a global investment bank specialising in online trading
in the international Capital Markets. Saxo Bank enables clients to
trade Forex, CFDs, Stocks, Futures, Options and other derivatives, as
well as providing portfolio management via the SaxoTrader, the
leading online trading platform. The SaxoTrader has been developed by
Saxo Bank and is available to today's investor directly through Saxo
Bank or through one of our global collaborations, where it forms an
integral part of their infrastructure. One of Saxo Bank's significant
areas of business is White Labelling. This involves the Bank's online
trading platform being customised and branded for other financial
institutions and brokers. Saxo Bank has more than 120 White Label
Partners and boasts thousands of clients in over 170 countries. Saxo
Bank currently employs more than 1,300 employees from 72 different

Saxo Bank is headquartered in Copenhagen with offices in London,
Geneva, Zurich, Singapore and Marbella. It also runs a representative
office in Beijing and an IT development centre in St. Petersburg.


a d v e r t i s e m e n t