Saxo Bank Reports July Metrics, Monthly Volume Once Again in the Red

Thursday, 07/08/2014 | 14:52 GMT by Jeff Patterson
  • Saxo Bank has just reported its July 2014 metrics, highlighted by declining monthly volumes on both MoM (-5.7%) and YoY (-20.9%) timeframes – nearly on par with its worst month of the year this past April.
Saxo Bank Reports July Metrics, Monthly Volume Once Again in the Red
saxo

Saxo Bank has just reported its July 2014 metrics, highlighted by declining monthly volumes on both MoM (-5.7%) and YoY (-20.9%) timeframes – nearly on par with its worst month of the year this past April.

Monthly volumes came in at $215 billion in July 2014, compared with $228 billion in June, which was lower by -5.7% MoM. This nearly ties with its lowest figure of $214 billion this past April. Alternatively, monthly volume has declined -20.9% YoY, compared to $273 billion in July 2013.

Across a different measure, Average Daily Volume (ADV) has notched a -9.3% MoM loss, coming in at $9.8 billion in July 2014, compared to $10.8 billion in June. However, compared with 2013 numbers, July’s volumes appear to pale in comparison, as illustrated by a -17.6% decline YoY.

Finally, the amount of total clients' collateral deposits for trading has come in at $9.71 billion in July 2014, relative to $9.61 billion in June, up marginally MoM.

saxo

Saxo Bank has just reported its July 2014 metrics, highlighted by declining monthly volumes on both MoM (-5.7%) and YoY (-20.9%) timeframes – nearly on par with its worst month of the year this past April.

Monthly volumes came in at $215 billion in July 2014, compared with $228 billion in June, which was lower by -5.7% MoM. This nearly ties with its lowest figure of $214 billion this past April. Alternatively, monthly volume has declined -20.9% YoY, compared to $273 billion in July 2013.

Across a different measure, Average Daily Volume (ADV) has notched a -9.3% MoM loss, coming in at $9.8 billion in July 2014, compared to $10.8 billion in June. However, compared with 2013 numbers, July’s volumes appear to pale in comparison, as illustrated by a -17.6% decline YoY.

Finally, the amount of total clients' collateral deposits for trading has come in at $9.71 billion in July 2014, relative to $9.61 billion in June, up marginally MoM.

About the Author: Jeff Patterson
Jeff Patterson
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About the Author: Jeff Patterson
Head of Commercial Content
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