Saxo Bank Announces the Launch of Parallel World Cup Competition on its Social Trading Platform

Hellerup, Denmark (ots/PRNewswire) -

Saxo Bank, the leading online trading [http://www.saxobank.com/fo
rex?csref=b1744_Link_boilerplate_pressrelease ] and investment
specialist, has invited traders to predict the outcome of the World
Cup based not on sporting prowess, but economic metrics.

The competition will be based on the official World Cup
tournament's groups. The winning country for each match will be
determined by metrics such as the relative strengths of GDP growth,
currencies, equities, inflation, unemployment, commodities and other
macro data. The metric for each game will be drawn at random on the
morning of the match. The two countries that emerge from each group
in the pool round will be those with the best performance, according
to our market/financial metrics.

For instance, the US is due to play Portugal in Group G. If the
selected metric is FX, the winner will be determined by the
performance of the euro vs. dollar on the day of the match. Traders
might favour the dollar given its quiet comeback since the spring,
but equally market volatility might give the euro an unexpected edge.
In a similar way, other outcomes will be judged on the best equity
market performance, or the average return of two key exporting goods
such as cotton or crude oil.

The competition is open to all through the TradingFloor.com
platform, Saxo Bank's proprietary social trading platform which
allows users from around the world to share their trading strategies
and performance across a broad range of asset classes. Participants
simply need to register and name their chosen winner from the 32
countries to be eligible for the prize.

A dedicated webpage http://www.tradingfloor.com/worldcup2014 will
provide interactive tables and scores as well as serving as a forum
through which participants can debate the match outcomes.

Steen Jakobsen, Chief Economist & CIO at Saxo Bank, commented:

"There are manifold similarities between playing the markets and
playing the beautiful game. Whilst Spain has dominated the sport
since the last World Cup, its dominance in Brazil is by no means
assured; the familiar investment disclaimer, "Past success is no
guarantee for future success", is equally true for football. Both the
markets and competitive sport are subject to unforeseen, disruptive
forces which make picking winners difficult to predict.

"Football continues to be the one game which can get us all
excited. If politicians and policy makers had been active
footballers, they would understand that football has all the
solutions to the world's economic problems: a strong team has a great
defence, skills and individualism in midfield and a vanguard of
clinical strikers."

About Saxo Bank

Saxo Bank is a leading online trading [http://www.saxobank.com/fo
rex?csref=b1744_Link_boilerplate_pressrelease ] and investment
specialist, offering private investors and institutional clients a
complete set of tools for their trading and investment strategies.
Its financial community portal, TradingFloor.com
[https://www.tradingfloor.com ], is the first multi-asset social
trading platform. A fully licensed and regulated European bank, Saxo
Bank enables clients to trade FX, CFDs, ETFs, Stocks, Futures,
Options and other derivatives on our award-winning SaxoTrader
platform, accessible on PC
[http://www.saxobank.com/trading-platforms/saxotrader ]s, tablet
[http://www.saxobank.com/trading-platforms/saxowebtrader ]s or
smartphone
[http://www.saxobank.com/trading-platforms/saxotrader-apps ]s through
a single account and available in more than 20 languages. The
platform is white-labelled by more than 100 major financial
institutions worldwide. Saxo Bank also offers professional portfolio
and fund management as well as traditional banking services through
Saxo Privatbank. Founded in 1992, Saxo Bank is headquartered in
Copenhagen and has offices in 25 countries throughout Europe, Asia,
the Middle East, Latin America, Africa and Australia.

ots Originaltext: Saxo Bank (Switzerland) SA
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Media enquiries
Kasper Elbjørn, Head of International Communications
+45-3065-4300 press@saxobank.com