Saxo Bank February Trading Volumes down 13% Despite Rise in Deposits
- Total monthly volumes came in at just $264 billion for February, down 13.2% from the January's total of $304 billion. The lower number of business days played a role in the decrease of the monthly figures.
Copenhagen-based 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 broker, Saxo Bank, today released its key figures for the month of February 2014, showing a decline in trading volumes from the previous month. Total monthly volumes came in at just $264 billion for February, down 13.2% from the January's total of $304 billion.
The ADV for February was $13.2 billion per day, only 4.4% less than January's $13.8 billion, revealing that the lower number of business days played a role in the overall decrease of the monthly figures as the average traded volumes calculated is per business day.
Saxo Bank clients' collateral deposits for trading reached $8.67 billion in February, an increase of 6.9% or $560 million over the first month of the year's figure of $8.11 billion.
The metrics show a decline in trading volumes also on a yearly basis for Saxo. In February 2013, the monthly trading volumes were $368 billion and the ADV was $18.4 billion, a drop of 28.3% for both figures. Client deposits in February of last year were only $6.26 billion, so deposits are Saxo Bank's bright spot in its metrics also on a yearly comparison, with a 35.5% jump in the figure.
Copenhagen-based 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 broker, Saxo Bank, today released its key figures for the month of February 2014, showing a decline in trading volumes from the previous month. Total monthly volumes came in at just $264 billion for February, down 13.2% from the January's total of $304 billion.
The ADV for February was $13.2 billion per day, only 4.4% less than January's $13.8 billion, revealing that the lower number of business days played a role in the overall decrease of the monthly figures as the average traded volumes calculated is per business day.
Saxo Bank clients' collateral deposits for trading reached $8.67 billion in February, an increase of 6.9% or $560 million over the first month of the year's figure of $8.11 billion.
The metrics show a decline in trading volumes also on a yearly basis for Saxo. In February 2013, the monthly trading volumes were $368 billion and the ADV was $18.4 billion, a drop of 28.3% for both figures. Client deposits in February of last year were only $6.26 billion, so deposits are Saxo Bank's bright spot in its metrics also on a yearly comparison, with a 35.5% jump in the figure.