Saxo Bank Reports Exquisite October Trading Volume Totalling $392 Billion

Saxo Bank reports supremely positive trading figures for October with every single metric showing marked improvement in both monthly and

saxo square

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.

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

Suggested articles

Going Past the Great Wall: Things to Consider When Entering the Asian MarketGo to article >>

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%.

Trading Volume and Client Collateral at Saxo Bank

Got a news tip? Let Us Know