Saxo Bank has just reported its June 2014 metrics, stabilizing its monthly volumes after revealing a marginal decline MoM (2.5%) from May after a well-documented struggle earlier this year, according to a recent Saxo Bank company statement.
Monthly volumes came in at $228 billion in June 2014, compared with $234 billion in May, which was higher by 9% over the multiyear low marked in April.
Is a Deeper Stock Market Correction Imminent?Go to article >>
Across a different measure, Average Daily Volume (ADV) has in fact notched a 2% gain, coming in at $10.8 billion in June 2014, compared to $10.6 billion in May. However, compared with 2013 numbers, June’s volumes appear to pale in comparison, as illustrated by a 25% decline YoY.
Finally, the amount of total client’s collateral deposits for trading has come in at $9.61 billion in June 2014, relative to $9.32 billion in May, up 3.1% MoM. These figures are largely corroborated by broader market trends, which have seen a mild increase lately in volumes after a lacklustre first half in 2014.