Saxo Bank Reports November Trading Volumes Consolidating
- While volatility picked up in a massive way following yesterday's ECB monetary policy decision, November's volumes are coming in slow
Saxo Bank published its monthly client trading volumes for the month of November on its website. In nominal terms the figures have come out flat when compared to the previous month, marking $218 billion. The total monthly volumes figure has been remarkably consistent since August 2015 when it marked $220.4 billion.
Due to fewer trading days in November, the average daily trading volumes picked up by 5 percent when compared to last month's $10.4 billion daily. The numbers are substantially lower than last year's with the monthly figure trailing 27 percent, while the ADV is lower by 30.5 percent.
Saxo Bank nominal and average daily trading volumes
The declining trading activity across different markets has been the primary driver of subdued trading activity. In a way, the EUR/USD, which is still the most actively traded instrument across foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term and CFDs brokers, has been ranging in recent quarters.
In the build up to the major central bank's decisions in December, the currency markets have been consolidating within the ranges established earlier in the year. However, in the aftermath of yesterday's European Central Bank (ECB) decision, the currency markets reacted with a big spike in Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term and trading volumes.
At the same time, equity indices sold off after the expectations for a massive stimulus from the ECB never materialized, causing substantial activity across virtually all asset classes. The incoming non-farm payrolls report for November has the potential to further ignite volatility today.
Saxo Bank published its monthly client trading volumes for the month of November on its website. In nominal terms the figures have come out flat when compared to the previous month, marking $218 billion. The total monthly volumes figure has been remarkably consistent since August 2015 when it marked $220.4 billion.
Due to fewer trading days in November, the average daily trading volumes picked up by 5 percent when compared to last month's $10.4 billion daily. The numbers are substantially lower than last year's with the monthly figure trailing 27 percent, while the ADV is lower by 30.5 percent.
Saxo Bank nominal and average daily trading volumes
The declining trading activity across different markets has been the primary driver of subdued trading activity. In a way, the EUR/USD, which is still the most actively traded instrument across foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term and CFDs brokers, has been ranging in recent quarters.
In the build up to the major central bank's decisions in December, the currency markets have been consolidating within the ranges established earlier in the year. However, in the aftermath of yesterday's European Central Bank (ECB) decision, the currency markets reacted with a big spike in Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term and trading volumes.
At the same time, equity indices sold off after the expectations for a massive stimulus from the ECB never materialized, causing substantial activity across virtually all asset classes. The incoming non-farm payrolls report for November has the potential to further ignite volatility today.