Danish brokerage Saxo Bank published its latest monthly volume numbers across different asset classes
Danish Multi-Asset brokerage Saxo Bank has published its latest monthly volumes numbers. The company is reporting its best month for the year in March and its second best month after the November election of Donald Trump.
The total trading volume for the month amounted to $376.7 billion, $275.2 billion of which have been transacted on the foreign Exchange market. The total monthly volume is higher when compared to February this year by just over 19 percent and by just under 19 percent when compared on a year-on-year basis.
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Clients of Saxo Bank also transacted $31 billion in commodities, $55.3 billion in equities and $15.2 billion in fixed income trades. All of the numbers are higher than the previous month, by 22.5 percent, 29.2 and 24.5 percent respectively.
Total average daily volumes amounted to $16.4 billion, with FX totaling $12.0 billion, commodities $1.3 billion, equities $2.4 billion and fixed income netting $0.7 billion per day.
Saxo Bank’s clients have been mostly focused on moves in the foreign exchange market, which is the most popular asset class for the clients of the Danish bank. About 73 percent of trading volumes were transacted in FX, 15 percent in equities, 8 percent in commodities and 4 percent in fixed income.
The share of fixed income trading volumes at Saxo Bank doubled when compared to a year ago. The company invested heavily in developing an advanced electronic trading solution for bonds, which it launched in September last year.
Danish Multi-Asset brokerage Saxo Bank has published its latest monthly volumes numbers. The company is reporting its best month for the year in March and its second best month after the November election of Donald Trump.
The total trading volume for the month amounted to $376.7 billion, $275.2 billion of which have been transacted on the foreign Exchange market. The total monthly volume is higher when compared to February this year by just over 19 percent and by just under 19 percent when compared on a year-on-year basis.
[gptAdvertisement]
Clients of Saxo Bank also transacted $31 billion in commodities, $55.3 billion in equities and $15.2 billion in fixed income trades. All of the numbers are higher than the previous month, by 22.5 percent, 29.2 and 24.5 percent respectively.
Total average daily volumes amounted to $16.4 billion, with FX totaling $12.0 billion, commodities $1.3 billion, equities $2.4 billion and fixed income netting $0.7 billion per day.
Saxo Bank’s clients have been mostly focused on moves in the foreign exchange market, which is the most popular asset class for the clients of the Danish bank. About 73 percent of trading volumes were transacted in FX, 15 percent in equities, 8 percent in commodities and 4 percent in fixed income.
The share of fixed income trading volumes at Saxo Bank doubled when compared to a year ago. The company invested heavily in developing an advanced electronic trading solution for bonds, which it launched in September last year.
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Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
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The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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