Profit & Loss magazine has awarded online investment bank, Saxo Bank, its Best Retail Platform award for the second consecutive year.

LONDON - Profit & Loss, a leading UK trade magazine, highlighted Saxo Bank’s commitment to customer service and the wide array of markets and instruments available on its signature platform, the SaxoTrader.

“We are delighted to accept this award again,” said Peter Klein, Head of Saxo Bank London, following the awards ceremony. “We see this award as further confirmation of Saxo Bank’s ability to deliver first class trading solutions and services to both retail investors and institutional partners alike. On top of this, comes the recognition of our multi-product offering, which is attracting a lot of interest from investors.”

The award was presented to Saxo Bank at an event at Royal Mint Court in London on Thursday evening.

The SaxoTrader offers clients and partners an opportunity to protect their investments and succeed in a market that has struggled with turmoil for more than six months.

The SaxoTrader has provided the bank with record revenues and Saxo Bank expects another record quarter. It comes in the wake of its recently published Annual Report, which showed its 2007 profits soaring by 78 percent to USD 72 million before tax.