Saxo Bank receives accolade for Best Retail Platform

For the fourth year in a row, Saxo Bank took home the award for Best Retail Platform at the 5th annual e-FX awards, sponsored by FX Week Magazine.

Outpacing the shortlisted FXCM, FX Solutions and Gain Capital, the recognition strengthens Saxo Bank’s front runner position in the online trading market.

“It’s a great accomplishment and honor for Saxo Bank to reclaim this award for the fourth time,” say Saxo Bank’s Co-CEOs Kim Fournais and Lars Seier Christensen in a joint statement. “Since Saxo Bank entered the online FX market in the late 1990s, we have kept a crucial focus on serving the unique needs of our retail clients. This is one of the key components behind Saxo Bank’s success.”

Throughout the years, Saxo Bank’s retail clients have experienced a continuous flow of product offerings and a consistent upgrading of SaxoTrader, the Bank’s award-winning platform. Most recently in 2008, Saxo Bank launched two new platforms, SaxoWebTrader and SaxoMobileTrader, which enable clients to trade from any application with browsing capabilities. This allows clients to trade anywhere, anytime with instant access to liquidity available via Saxo Bank. The Bank’s ability to foresee market movements and future demands are other major factors behind the Bank’s success. In 2007 alone, profits had soared by 78%.

In addition to winning the Best retail Platform, Saxo Bank was also shortlisted in the category for Best Liquidity Outsourcing Service.

The e-FX recognition comes during a time of massive growth and global expansion for Saxo Bank. The Bank has strengthened its presence in other parts of the world by opening an office in Japan and acquiring French broking house, Cambiste. Last month, Saxo Bank announced its sponsorship of Riis Cycling, a world- renowned cycling team led by the former Tour de France winner Bjarne Riis.