Saxo Bank Collects Five 1st Prizes in Euromoney FX Poll 2009

LONDON and COPENHAGEN, May 7 /PRNewswire/ — Saxo Bank, the online
trading and investment specialist, won a total of 27 awards in Euromoney’s
annual FX Poll, and was also placed 23rd in the world for overall market
share for the second year, reflecting a solid performance by the Bank during
a turbulent economic year.

Euromoney’s annual FX survey is in its 31st year and is widely considered
to be a benchmark league table of the FX market. With 12,150 votes being
taken into consideration, this year’s survey is the largest and most
representative poll to date. Results are based upon both qualitative and
quantitative responses from thousands of companies around the world.
Treasurers, traders and investors at industrial and commercial corporations,
financial institutions, institutional investors and state agencies worldwide
rate the banks they use to conduct their currency transactions in terms of
both transaction volumes and quality of service.

Saxo Bank came in first in the Single Bank Ratings category for its
quality & reliability of repricing. In the Multi-Bank Ratings category it won
for its speed of execution as well as its price & volume transparency and its
effective & innovative risk-management tools. The Bank also won the first
prize for its consistent pricing in Options.

“We are proud to maintain our position in the Euromoney FX Poll in a year
characterised by a very challenging environment. This year’s awards proves
the viability of Saxo Bank’s business model and reassure us that the Bank
will continue its growth in the years to come,” Saxo Bank’s co-CEOs and
co-founders Kim Fournais and Lars Seier Christensen said in a joint statement.

2008 was another record year in terms of income and profit for
Copenhagen-based online specialist, Saxo Bank. Global operating income ended
at DKK 2,518 million (EUR 338 million), an increase of 61% year-on-year.
Reaching DKK 631 million (EUR 85 million) in 2008, EBITDA grew 43% over 2007
while net profit increased 23% to DKK 339 million (EUR 45.5 million).

To support continuous growth in revenue and earnings, Saxo Bank recently
opened a new office in Milan and this week, Saxo Bank became the first
Scandinavian-based bank to open an office in Dubai. Saxo Bank is
headquartered in Copenhagen with offices in the UK, France, Switzerland,
Spain, Singapore, Australia and Japan.

    Full list of Saxo Bank's awards:

    Overall market share
    - 23rd

    Most improved by Market share
    - 4th - over $250bn

    E-trading market share
    - 7th - proprietary platforms

    Most improved E-trading market share
    - 3rd - proprietary platforms
    - 2nd - multi-bank and independent platforms

    Single Bank Ratings
    - 2nd - speed of execution
    - 1st - quality & reliability of repricing
    - 3rd - connectivity & automation
    - 3rd - research & analytics

    Multi-Bank Ratings
    - 1st - speed of execution
    - 1st - in price & volume transparency
    - 3rd - competitive pricing/transactional cost
    - 1st - effective & innovative risk-management tools
    - 3rd - research & analytics

    Qualitative Rankings - Regions/Product Categories
    - 3rd - Europe, Middle East & Africa
    - 4th - Asia and Australasia

    Research & Strategy
    - 2nd - Research - G10
    - 5th - tailor made/bespoke research
    - 4th - in quantitative research
    - 3rd - in flow research

    Options
    - 1st - vanilla options/1st generation exotics - consistent pricing
    - 3rd - vanilla options/1st generation exotics - trading strategy & ideas
    - 5th - in emerging market options - consistent pricing
    - 4th - emerging market options - trading strategy & ideas
    - 4th - structured options/FX-linked products/correlation products -
            trading strategy and ideas

    Currencies
    - 2nd - currencies G10 trading - spot/forward
    - 5th - currencies emerging market trading - spot/forward

About Saxo Bank

Saxo Bank is an online trading and investment specialist, enabling
clients to trade Forex, CFDs, Stocks, Futures, Options and other derivatives,
as well as providing portfolio management via SaxoWebTrader and SaxoTrader,
the leading online trading platforms. SaxoTrader is available directly
through Saxo Bank or through one of the Bank’s global partners. White
Labelling is a significant business area for Saxo Bank, and 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 180 countries. Saxo Bank is
headquartered in Copenhagen with offices in Australia, France, Italy, Japan,
Singapore, Spain, Switzerland, UK, and the United Arab Emirates.

SOURCE Saxo Bank