Saxo Bank Announces 3% MoM Rise in ADV; Total Volumes Decline 8.6% YoY
- The Danish broker publishes a mixed bag of results although perfomance metrics remain broadly stable. Client collateral has risen 40% since last year in the absence of market volatility.
Saxo Bank today announced trading volumes and metrics for August 2014.
The Danish-based Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term brokerage saw Average Daily Volumes (ADV) rise 3% from the previous month, but total monthly volume declined slightly from $215 billion to $212 billion – a 1.4% decline.
In August, the amount of client collateral held by Saxo Bank rose from $9.71 billion to $10.01 billion – a 3% increase compared to July.
Taking a look at today’s figures from a year-on-year perspective, the results show a more tepid picture.
Compared to August 2013, ADV fell 4.7% from $10.6 billion to $10.1 billion and total trading volume fell 8.62% from $232 billion to $212 billion.
The outstanding highlight from Saxo Bank’s published metrics is the 40.2% YoY increase in client deposits, which are likely due to low FX market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term and the absence of extensive moves in major FX pairs over the past year. A steady build up of client collateral in currently slow market conditions could result in strong revenue outperformance for the broker, if and when implied volatility begins to pick up in the FX market.
Source: Saxo Bank August 2014 Key Figures
Saxo Bank today announced trading volumes and metrics for August 2014.
The Danish-based Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term brokerage saw Average Daily Volumes (ADV) rise 3% from the previous month, but total monthly volume declined slightly from $215 billion to $212 billion – a 1.4% decline.
In August, the amount of client collateral held by Saxo Bank rose from $9.71 billion to $10.01 billion – a 3% increase compared to July.
Taking a look at today’s figures from a year-on-year perspective, the results show a more tepid picture.
Compared to August 2013, ADV fell 4.7% from $10.6 billion to $10.1 billion and total trading volume fell 8.62% from $232 billion to $212 billion.
The outstanding highlight from Saxo Bank’s published metrics is the 40.2% YoY increase in client deposits, which are likely due to low FX market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term and the absence of extensive moves in major FX pairs over the past year. A steady build up of client collateral in currently slow market conditions could result in strong revenue outperformance for the broker, if and when implied volatility begins to pick up in the FX market.
Source: Saxo Bank August 2014 Key Figures