Saxo Bank Posts All-Time Record High in Monthly Trading Volumes

The massive volatility spike in the beginning of February has massively boosted equities and FX trading.

Danish multi-asset brokerage Saxo Bank has posted an all-time record-high in trading volumes last month. February saw the company’s clients netting $612.1 billion across multiple asset classes.

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After a robust start to the new year, the company’s performance in the second month was boosted by a massive spike in volatility. Apparently, traders flocked to their screens not only to trade FX, but also equities and fixed income. Trading volumes were higher by 19 percent month-on-month and by 93 percent year-on-year.

Looking at the components of the report, we see an increase led by FX, which spiked higher about $66 billion to $433.2 billion. The figure was higher by 18.2 percent when compared to January and by 83.6 percent when compared to February 2017.

Equities trading volumes rose sharply about 50 percent last month, netting $124.7 billion, a number which is almost triple the amount traded during the same month last year.

Fixed income volumes doubled, resulting in a sharp spike netting $25 billion, a figure which was almost double January’s metric and over 100 percent higher when compared to February 2017.

Overall, the numbers that Saxo Bank has released fit into the broader picture that we are getting from brokerages in February. With rampant volatility, we are seeing substantially higher numbers year-on-year and month-on-month, even in February which historically is not the best month of the year.

From the looks of it, volatility is not abating any time soon, as the month of March kicked off with a blast last week when Donald Trump announced a prospective set of tariffs on steel and aluminum.

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