Saxo Bank August Trading Volumes Dip Lower, In Line with Seasonal Trends
- August has become the slowest month for the Danish multi-asset brokerage since November 2015.
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 just published its trading volumes numbers for the month of August. Clients of the firm transacted a total of $221 billion in volumes last month with the number marking the lowest level since November 2015.
Trading volumes in August have declined across the industry, showing the waning of the effect of the Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term vote at the end of June, that boosted a typically slow summer season in July. Saxo Bank’s nominal trading volume in August declined by about 16.6 per cent when compared to the previous month, but was about flat when compared to last year.
Looking at the average daily figures, the numbers dropped by 23.8 per cent to $9.6 billion daily. The number was also lower by 8.5 per cent when compared to August 2015.
The seasonal declines observed in August across retail brokerages are not a surprise given the anxiety of the market into the Federal Reserve’s September meeting, which is still a 'live meeting' despite the modest increase in new jobs which was reported last Friday. The companies in the industry are looking for the summer lull to end for the monthly volumes numbers to return to normality.
September could prove to be a stronger month for brokers across the industry with Barclays maintaining its call for a rate hike in the aftermath of the relatively subdued employment report.
Analysts from the London headquartered bank stated: "Most FOMC members will view this report as consistent with solid economic activity and will believe that that activity will continue to pull inflation upward toward their target."
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 just published its trading volumes numbers for the month of August. Clients of the firm transacted a total of $221 billion in volumes last month with the number marking the lowest level since November 2015.
Trading volumes in August have declined across the industry, showing the waning of the effect of the Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term vote at the end of June, that boosted a typically slow summer season in July. Saxo Bank’s nominal trading volume in August declined by about 16.6 per cent when compared to the previous month, but was about flat when compared to last year.
Looking at the average daily figures, the numbers dropped by 23.8 per cent to $9.6 billion daily. The number was also lower by 8.5 per cent when compared to August 2015.
The seasonal declines observed in August across retail brokerages are not a surprise given the anxiety of the market into the Federal Reserve’s September meeting, which is still a 'live meeting' despite the modest increase in new jobs which was reported last Friday. The companies in the industry are looking for the summer lull to end for the monthly volumes numbers to return to normality.
September could prove to be a stronger month for brokers across the industry with Barclays maintaining its call for a rate hike in the aftermath of the relatively subdued employment report.
Analysts from the London headquartered bank stated: "Most FOMC members will view this report as consistent with solid economic activity and will believe that that activity will continue to pull inflation upward toward their target."