Saxo Bank named world's best for FX traders

Monday, 13. November 2006 14:45



London, 13 November: Saxo Bank has been crowned by FX Week magazine
as the best bank in the world for FX trading for investors

Results of FX Week Magazine's Best Banks survey have been tallied,
with Saxo Bank catapulting to the top spot in the category Best Bank
Overall for FX Investors. The gold-medal performance was a first for
the Danish-based online investment bank after a ninth-place finish in
last year's survey, which is sponsored annually by the global trade
publication.

The survey measured Saxo Bank shoulder-to-shoulder alongside global
tier-one banks that have long dominated the retail and institutional
investor spaces.

In the subordinate categories, Saxo Bank took home top honors as Best
Bank for Scandinavian Currencies for Investors and Best Bank for
E-Trading for Investors. The bank finished among the top three
worldwide for Best Bank for Spot FX for Investors and Best Bank for
FX in the Eurozone, and turned in a top-five finish in the category
Best Bank for Post Trade Services, Best Bank for Swiss Franc and Best
Bank for EUR/USD for Investors.

Responding to news of the award, Saxo Bank vice-CEO Eric Frydenlund
Michelsen said that while the unprecedented showing in the benchmark
survey was a coup for the bank, it accurately reflected Saxo's
vigorous commitment to serving FX investors around the world. He
cited ongoing upgrades and modifications to the bank's signature
online trading platform, SaxoTrader, and the rollout of new global
offices in Singapore and London to better accommodate the needs of
clients, partners and liquidity providers as signs of its commitment
to serving the needs of FX traders in an increasingly competitive
and borderless market.

"We are particularly heartened that the results of FX Week's Best
Banks are culled from such detailed and precise polling of our
colleagues and clients in the global currency markets," said
Michelsen. "Thousands of market professionals have made their
preference clear - for FX traders, there is no better bank on the
planet with which to do business than Saxo Bank. This award is a mark
of inestimable pride for us."

Results of the Best Banks awards were based upon surveys of 4,188 FX
market professionals in August and September 2006, who were invited
to nominate their preferred banks, brokers and vendors in 39
categories ranging from spot, forwards and options FX; major and
emerging markets currency pairs etc. Final rankings were broken down
according to total number of bank voters, as well as by corporate and
investor clients.


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Author:
Hugin
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