Saxo Bank, the Denmark-based multi-asset brokerage, today reported trading volumes and client collateral statistics for the month of October. The broker saw healthy increases in all trading metrics including Average Daily Volume (ADV), total monthly volume and client collateral held on account.
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Compared to last month, Saxo Bank experienced a 17% increase in ADV from $14.6 billion to $17.1 billion. Total monthly trading volume rose from $321 billion to $392 billion, a 22% increase and the highest reported total volume since January 2013. Client collateral held on account by Saxo Bank improved marginally from $9.9 billion up to $9.97 billion.
When looking at October’s figures from a year-on-year perspective, Saxo’s performance is even more impressive. ADV rose 64% from $10.4 billion last October to $17.1 billion this year. Total monthly volumes are 65% higher compared to 2013 and client collateral has risen by 30%.