Saxo Bank’s FX Volumes Continue Growth Trajectory, June ADV Up 8% MoM

FX trading through Danish multi-asset brokerage Saxo Bank rose to $280 billion in June 2018 compared to previous year, as political events globally created 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 in foreign exchange markets.

Saxo Bank’s clients traded worth $13.3 billion daily in June, up 8.1 percent month-over-month compared with $12.3 billion in May 2018. Saxo’s FX ADV for last month was also higher year-over-year, correlating to an increase of 21 percent relative to $11 billion in June 2017.

Saxo Bank’s total monthly FX volume in June 2018 was reported at $280 billion, up 16 percent from $241 billion a year ago. However, this figure corresponds to a monthly drop of one percent compared to $283.4 billion in May 2018.

The uptick in volumes defies the trend as trading activities tend to be trending lower in summer months as many investors stay away during holidays. However, market turmoil and the greenback appreciation earlier this year kept January as the best month for the investment bank that specializes in electronic trading.

Also, the increased volatility has not given Saxo extraordinary volumes in all products, with commodities, equity and fixed income lower month-over-month.

Overall, Saxo Bank’s average daily volume across all asset classes was mildly higher during June 2018, reported at $18.1 billion per day, up three percent month-over-month relative to $17.6 billion the month prior. It was also higher by 15 percent from a year ago.

We reported on the Danish broker last month when the high court of eastern Denmark (Østre Landsret), one of the country's two ‎‎high courts, ordered Saxo Bank A/S to pay out compensation exceeding ‎‎$300,000 in the latest lawsuit stemming from the SNB’s Black Swan Black Swan A Black Swan event is most commonly associated with an unforeseen calamity or event. In its most basic form, this event results in disastrous consequences for multiple parties, markets, or individuals and are characterized as extraordinarily rare in frequency, yet are seemingly predictable in retrospect. In the foreign exchange space, the most noteworthy of these events in recent memory was the Swiss National Bank (SNB) crisis which roiled currency markets back on January 15, 2015.During this in A Black Swan event is most commonly associated with an unforeseen calamity or event. In its most basic form, this event results in disastrous consequences for multiple parties, markets, or individuals and are characterized as extraordinarily rare in frequency, yet are seemingly predictable in retrospect. In the foreign exchange space, the most noteworthy of these events in recent memory was the Swiss National Bank (SNB) crisis which roiled currency markets back on January 15, 2015.During this in Read this Term.‎