Saxo Bank Traded $3.5 Trillion in 2013, December Volumes Drop, Deposits Hit $8 Billion

The Copenhagen-based Danish Bank, involved in a wide range of product offerings, reports December 2013 figures of 10.7 billion in average daily volumes (ADV) - down from $11.4 billion in ADV November, as the December trading tapered for the Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term broker.

During December, total trading volumes were reported at $235 billion and down from $251 billion reported in November, while the amount of clients' collateral deposits for trading broke above the $8 billion mark to settle at $8.2 billion in December and up from $7.83 billion month-over-month (MoM).

These figures, combined with its total trading volumes and amount of collateral deposits from customers, tally up together its 2013 full-year totals, which include reaching over $3.5 trillion in total trading volumes for 2013 (notional values), maintaining a monthly average $6.95 billion in deposits level per month during the year (which managed to stay above during the last 5 months of the year). Most recently the bank announced new appointments to key staff, as it looks to bolster its efforts in Asia.