Forex Saxobank - The IT Advantage

Saxo Bank is unique in its focus on IT. For the majority of investment banks, technology solutions are secondary to the trading desk. Saxo Bank has, since 1998, adopted a 100% focus on trading and settling through the Internet. The SaxoTrader developed internally and continuously upgraded and enhanced, enables the bank to facilitate both the aggregation of liquidity (e.g. foreign exchange inventory) and distribute that same liquidity to retail and institutional partners. Custom engineered technology enables Saxo Bank to continuously upgrade and refine its expanding platform in concert with market demands. The firm is organized around multiple technology disciplines including software and programming, front-end (sales and trading station) development, back-end development, and financial information. Financial information With more than 100,000 transactions per day, Saxo Bank achieved an operating income of CHF 223 million and a post-tax profit of CHF 32 million in 2006.