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

The multi-asset broker offering a wide range of instruments and products, has today reported its December 2013 metrics which had

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 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).

Suggested articles

GIBX Swap: Sky is the Limit for the Best Decentralized Exchange PlatformGo to article >>

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

Source:  Saxo World
Source: Saxo World

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.

Got a news tip? Let Us Know