After Bumpy August, Saxo Volumes Back to Normal

The Danish broker reported a decline in volumes for September after a stint of high volatility the prior month

Retail broker Saxo Bank released its trading volumes for September on Monday.

With a total volume of $223.5 billion, the Danish firm saw a slight downturn in trading last month.

London Summit 2019 Launches the Latest Era in FX and Fintech – Join Now

In August, the broker reported a trading volume of $282.9 billion.

The decline in volumes in September was largely down to a decrease in equities trading. In August, Saxo Bank reported $87.4 billion in stock trading. For September, the figure was $53.4 billion.

In this instance, it was August – not September – that was more unusual. Equities trading spiked two months ago, with greater volatility driving market activity. Along with Saxo Bank, Nasdaq reported its highest levels of stock trading thus far in 2019 back in August.

Suggested articles

TrustedBrokerz: The Source More Traders Are TrustingGo to article >>

FX down

Foreign exchange volumes also shrank in September when compared to August. Saxo Bank reported a total currency trading volume of $118.6 billion last month, a 15 percent decline on August’s $139.1 billion.

Again, this disparity was likely due to greater market volatility in August – as opposed to the broker having a bad month. Aside from March, August saw the Danish firm recording its highest levels of currency trading this year.

In the commodities and fixed income markets, there wasn’t much change in trading volumes last month.

Back in August, Saxo Bank reported a trading volume of $43.3 billion in the commodities markets. In August, that number was $38.3 billion.

For fixed income, the difference in trading volumes was negligible, with the broker reporting total trading volumes of $13.1 billion in August and $13.2 billion in September.

Got a news tip? Let Us Know