Saxo Bank , with headquarters in Denmark, has published the trading metrics for April 2021, reporting a significant correction in trading market demand, at least on its platform. The total month trading volume decreased to $342.6 billion, which was down by more than 25.5 percent from the previous month.

However, the demand soared on a year-over-year basis. In April 2021, the brokerage handled $279.5 billion in trading volume, meaning there was a jump of 22.5 percent in trading activities last month.

Saxo provides a range of trading instruments, out of which forex and equities instruments were the primary revenue drivers.

Considering forex first, trading activities with currency pairs witnessed a sharp month-over-month decline. The monthly trading volume with FX instruments came in at $126.2 billion, which was down by more than 17 percent from March, but remained almost flat year-over-year.

The daily average trading volume with FX instruments was $5.7 billion, which is down from the previous month’s $6.6 billion but up from the previous year’s $5.6 billion.

Additionally, trading activities with equities instruments witnessed a sharp decline from the previous month. The total monthly volume plunged by 27 percent from March’s levels, whereas gaining more than 48 percent on a yearly basis.

The demand for fixed income instruments remained almost flat with a total monthly trading volume of $8.6 billion. In contrast, commodities demand shrank by almost 43 percent to $38.6 billion.

A Global Broker

Moreover, Saxo offers cryptocurrency derivatives instruments in a few markets outside Europe. But, the Danish parent does not disclose digital asset trading metrics as they are being offered under regional subsidiaries.

Meanwhile, Saxo Bank is aggressively strengthening its leadership by bringing in experienced executives. Its Hong Kong subsidiary most recently onboarded Sean Ma as Head of Saxo Institutional, Finance Magnates reported. Other key hires in recent months include Ken Shih as the Head of Wealth Management in Greater China and Henrik Andersen as a Board Member.

Saxo Bank , with headquarters in Denmark, has published the trading metrics for April 2021, reporting a significant correction in trading market demand, at least on its platform. The total month trading volume decreased to $342.6 billion, which was down by more than 25.5 percent from the previous month.

However, the demand soared on a year-over-year basis. In April 2021, the brokerage handled $279.5 billion in trading volume, meaning there was a jump of 22.5 percent in trading activities last month.

Saxo provides a range of trading instruments, out of which forex and equities instruments were the primary revenue drivers.

Considering forex first, trading activities with currency pairs witnessed a sharp month-over-month decline. The monthly trading volume with FX instruments came in at $126.2 billion, which was down by more than 17 percent from March, but remained almost flat year-over-year.

The daily average trading volume with FX instruments was $5.7 billion, which is down from the previous month’s $6.6 billion but up from the previous year’s $5.6 billion.

Additionally, trading activities with equities instruments witnessed a sharp decline from the previous month. The total monthly volume plunged by 27 percent from March’s levels, whereas gaining more than 48 percent on a yearly basis.

The demand for fixed income instruments remained almost flat with a total monthly trading volume of $8.6 billion. In contrast, commodities demand shrank by almost 43 percent to $38.6 billion.

A Global Broker

Moreover, Saxo offers cryptocurrency derivatives instruments in a few markets outside Europe. But, the Danish parent does not disclose digital asset trading metrics as they are being offered under regional subsidiaries.

Meanwhile, Saxo Bank is aggressively strengthening its leadership by bringing in experienced executives. Its Hong Kong subsidiary most recently onboarded Sean Ma as Head of Saxo Institutional, Finance Magnates reported. Other key hires in recent months include Ken Shih as the Head of Wealth Management in Greater China and Henrik Andersen as a Board Member.