BiTMICRO Provides Flash Storage for Saxo Bank's Online Transactions

10/20/2003 - Saxo Bank ('Saxo') Copenhagen, an investment bank specializing on online capital markets investing, has chosen BiTMICRO Networks, a pioneer in intelligent flash storage ATA / IDE, SCSI, USB, VME, Compact PCI, Firewire, Ethernet, and Fibre Channel solid state disk (SSD) storage solutions, to provide state of the art solid state flash storage solutions for their online transactions.

Saxo's trading platform, SaxoTrader, enables clients to trade currencies, shares, CFD contracts, futures, options and other derivatives as well as managed funds. Having posted strong growth over the past two years, Saxo emphasizes superior speed and technology in all of its client services.

Speed, system availability and efficient usability are key factors to the bank's operations. The majority of the bank's trading is done on SaxoTrader and requires direct connections and interfaces with the stock markets throughout the world for pricing, order placement and a multitude of client management and account management calculations.

"A downtime or slow response equates to revenue loss to our company - and this is not acceptable. We are averaging 2000 customers doing online transactions 24 hours a day. The bank requires speed and performance that standard technologies of today cannot provide, that is why we approached BiTMICRO to provide us the technology and enable us to cope with the demands of our users today, " states Bo Stolborg, System Manager of Saxo Bank.

"We evaluated other vendors and BiTMICRO out-performed them over-all, not to mention their solutions ease of handling and the high-level of service and dedication they provided our company. BiTMICRO's E-Disk performed ten times faster than other drives that we evaluated," adds Stolborg.

"Customer is our priority. We do not believe that customer satisfaction is enough -- we go by delighting our customers. We aim to promote loyal customers and focus on determining what our customers want, not just blindly follow the market," comments Jake Pasion, Director for Sales of BiTMICRO Networks.

"We push the innovation envelope to develop quality and cutting-edge technology products that allow clients to realize significant benefits that can increase the functionality, performance, and availability of their applications, while simultaneously decreasing the total cost of support," sums up Pasion.

Saxo Bank has acquired BiTMICRO's E-Disk Hot Swappable Ultra Wide SCSI Solid State Flash Device having the highest number of IOPS at 9,500 IOPS Random I/O Rate compared to similar drives evaluated. Aside from being a direct drop-in replacement to hard drives, BiTMICRO's E-Disk® out-performed other solid state drives and high-end hard disk drives that were evaluated by SAXO Bank, operating at 34 MBytes/sec SUSTAINED Read and Write Rates.

"We believe that the most important asset of a company is the information itself. To be of value to our customers is through helping them achieve zero information loss, zero downtime and availability on-demand. When these are achieved with the use of our technology, then we are successful," comments Rudy Bruce, President of BiTMICRO Networks.

Saxo Bank A/S is a global investment bank; headquartered in Copenhagen, Denmark serving the investment needs of capital markets traders throughout the world. With more than 250,000 registered members on its website, Saxo Bank is a leader in IT solutions combining practical capital markets expertise with thoughtful technical applications.

Saxo Trader - Saxo Bank's proprietary multi-product online trading platform - offers investors from around the world unique participation in the world's most liquid markets. From the same margin account, our clients invest in multiple combinations of currency, share and derivatives as well as futures trading online and in real-time.

Saxo Bank actively engages in the creation of sustainable partnerships with leading financial institutions across five continents. These White Label Partnerships combine the IT expertise behind our online trading platform, Back Office account management systems and Saxo Bank's experience in serving capital markets investors with the local capability and knowledge of our regional partners. With clients and partners in over 115 countries, Saxo Bank is the preferred choice for serious traders worldwide.

About BiTMICRO Networks
BiTMICRO Networks (, a privately held California corporation, is the world's premier supplier of rugged and high performance non-volatile solid-state disk, flash disk drive, and network storage and management solutions. E-Disks® storage solutions are offered with SCSI, IDE / ATA, Fibre Channel, USB, Firewire, Compact PCI, VME, PMC and Ethernet interfaces in 2.5-inch and 3.5-inch hard disk drive footprints, single-wide PMC, 3U and 6U board, and 19-inch rackmount configurations scalable up to several terabytes of pure solid state storage.

E-Disk®SAN StorView software is a web based storage management software for E-Disk®SAN. E-Disk® SafeCapacity-Hotfile software complements E-Disk storage solutions by effectively managing different types of disk subsystems and increasing complex data sets such that a constant high-level of file system I/O performance is maintained.

E-Disks®, BiTMICRO Networks™ and BiTMICRO® are registered trademarks of BiTMICRO Networks Inc.

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