Saxo Bank’s Trading Volumes Spike Higher as Volatility Picks Up

by Avi Mizrahi
  • In a year-to-year comparison Saxo Bank's volume numbers look positive as well, up 4% from $212 billion in August 2014.
Saxo Bank’s Trading Volumes Spike Higher as Volatility Picks Up
Bloomberg

Danish Multi-Asset broker Saxo Bank released today key metrics for the month of August 2015. The figures show a comeback for trading volumes after disappointing figures for the previous month.

Its total monthly trading volume reached $220.4 billion in August 2015, up 21.8% from July’s figure of $181 billion. In a year-to-year comparison, Saxo Bank’s volume numbers look positive as well, up 4% from $212 billion in August 2014.

The daily average trading volume in August 2015 was $10.5 billion, much better than the previous month and getting closer to the $11.4 billion ADV that Saxo Bank experienced in March 2015. The YoY comparison of the ADV figure shows minor improvement over August 2014’s $10.1 billion.

However not all metrics were improving for Saxo Bank in August. After going up the previous month, the clients’ collateral deposits for trading went down to $11 billion. The figure seems to have peaked at $11.46 billion in May 2015, the highest such figure ever, passing November 2014’s record of $11.37 billion.

Saxo-bank-volume-august-2015 (1)

Last month, Saxo Bank reported its H1 2015 financial metrics, yielding a loss for the first six months of the fiscal year. This was instigated in part after a tumultuous episode of Volatility wrought by the Swiss National Bank (SNB).

Trading volumes in August have picked up almost universally across all major brokers in the industry as traders have rushed to take advantage of rapidly gyrating markets. On the 24th of August, the day dubbed as "black Monday" for the Chinese market brokers registered their best trading day since the SNB debacle.

In contrast to the 15th of January, the majority of the firms in the industry registered record profits for a single day.

Danish Multi-Asset broker Saxo Bank released today key metrics for the month of August 2015. The figures show a comeback for trading volumes after disappointing figures for the previous month.

Its total monthly trading volume reached $220.4 billion in August 2015, up 21.8% from July’s figure of $181 billion. In a year-to-year comparison, Saxo Bank’s volume numbers look positive as well, up 4% from $212 billion in August 2014.

The daily average trading volume in August 2015 was $10.5 billion, much better than the previous month and getting closer to the $11.4 billion ADV that Saxo Bank experienced in March 2015. The YoY comparison of the ADV figure shows minor improvement over August 2014’s $10.1 billion.

However not all metrics were improving for Saxo Bank in August. After going up the previous month, the clients’ collateral deposits for trading went down to $11 billion. The figure seems to have peaked at $11.46 billion in May 2015, the highest such figure ever, passing November 2014’s record of $11.37 billion.

Saxo-bank-volume-august-2015 (1)

Last month, Saxo Bank reported its H1 2015 financial metrics, yielding a loss for the first six months of the fiscal year. This was instigated in part after a tumultuous episode of Volatility wrought by the Swiss National Bank (SNB).

Trading volumes in August have picked up almost universally across all major brokers in the industry as traders have rushed to take advantage of rapidly gyrating markets. On the 24th of August, the day dubbed as "black Monday" for the Chinese market brokers registered their best trading day since the SNB debacle.

In contrast to the 15th of January, the majority of the firms in the industry registered record profits for a single day.

About the Author: Avi Mizrahi
Avi Mizrahi
  • 2728 Articles
  • 10 Followers
About the Author: Avi Mizrahi
  • 2728 Articles
  • 10 Followers

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