Saxo Bank August FX Volumes Fail to Best July Figures, Shed 10 Percent
- In terms of its total volume, Saxo Bank yielded a figure of $348.4 billion in August 2017.
Danish 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 Saxo Bank has reported its monthly metrics for August 2017, which notched healthy gains in terms of its total volumes despite a lower ADV figure, showing a mixed performance month-over-month across its business segments.
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Just one month ago, Saxo Bank’s trading volumes spiked higher by 19.4 percent month-over-month during July to a total of $336.4 billion.
During August 2017, Saxo Bank saw its total ADV drop to $15.1 billion, shedding 5.6 percent month-over-month from $16.0 billion the month prior. Across a yearly timeframe however, this figure did manage to best its 2016 equivalent, scoring a 33.6 percent advance year-over-year from just $11.1 billion in August 2016.
In terms of its total volume, Saxo Bank yielded a figure of $348.4 billion in August 2017, which despite being lower on an average daily basis, actually constitutes a 3.6 percent increase month-over-month from $336.4 billion registered earlier in July 2017. In addition, the latest figure is noticeably higher than the $260.8 billion in total volume secured in August 2016, which equates to a sizable 33.6 percent gain year-over-year.
The latest volumes across the FX business were reflective of a notable weak performance, coming in at $10.7 billion in average daily foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term turnover for July. This reflected a drop of 10.0 percent month-on-month from $11.9 billion in the month prior, but once again showed a 32.0 percent surge year-on-year when compared with $8.1 billion set back last year.
The FX total trading volumes also failed to best their July 2017 counterparts, dropping 1.6 percent year-over-year to $245.1 billion relative to $249.2 billion in the previous month.
In terms of commodities average daily volume, Saxo Bank secured a climb for this segment after yielding a figure of $1.7 billion in July 2017, higher by 21.4 percent from the $1.4 billion reported in July 2016.
Danish 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 Saxo Bank has reported its monthly metrics for August 2017, which notched healthy gains in terms of its total volumes despite a lower ADV figure, showing a mixed performance month-over-month across its business segments.
[gptAdvertisement]
Just one month ago, Saxo Bank’s trading volumes spiked higher by 19.4 percent month-over-month during July to a total of $336.4 billion.
During August 2017, Saxo Bank saw its total ADV drop to $15.1 billion, shedding 5.6 percent month-over-month from $16.0 billion the month prior. Across a yearly timeframe however, this figure did manage to best its 2016 equivalent, scoring a 33.6 percent advance year-over-year from just $11.1 billion in August 2016.
In terms of its total volume, Saxo Bank yielded a figure of $348.4 billion in August 2017, which despite being lower on an average daily basis, actually constitutes a 3.6 percent increase month-over-month from $336.4 billion registered earlier in July 2017. In addition, the latest figure is noticeably higher than the $260.8 billion in total volume secured in August 2016, which equates to a sizable 33.6 percent gain year-over-year.
The latest volumes across the FX business were reflective of a notable weak performance, coming in at $10.7 billion in average daily foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term turnover for July. This reflected a drop of 10.0 percent month-on-month from $11.9 billion in the month prior, but once again showed a 32.0 percent surge year-on-year when compared with $8.1 billion set back last year.
The FX total trading volumes also failed to best their July 2017 counterparts, dropping 1.6 percent year-over-year to $245.1 billion relative to $249.2 billion in the previous month.
In terms of commodities average daily volume, Saxo Bank secured a climb for this segment after yielding a figure of $1.7 billion in July 2017, higher by 21.4 percent from the $1.4 billion reported in July 2016.