Saxo Bank's June figures were pointed higher, with its FX figures registering levels not seen since the SNB crisis.
Saxo Bank, a Danish multi asset broker, has reversed its monthly downtrend, helping pare some if its recent losses en route to a stronger month during June 2016 – additionally, key metrics at Saxo Bank reached yearly highs, including its client collateral deposits, according to a Saxo Bank statement.
Saxo Bank’s 2016 volumes have been a mixed bag, waxing and waning throughout H1 – generally speaking the trend has been lower, after peaking at a yearly high of $12.9 billion in average daily foreign exchange (FX) turnover in January 2016. This gave way to an oscillating movement of volumes that ultimately grew during June 2016, climbing to $11.9 billion for the month.
The increase in trading volumes at Saxo Bank came despite the substantially increased margin requirements during the Brexit event. Clients of the Danish multi-asset brokerage have also managed to secure over €200 million in profits over the course of the massive Volatility around the referendum on June 23rd.
This does represent a growth of 2.6% MoM from $11.6 billon set back in May 2016. Despite rescinding volumes last month, the group’s recent figures haven’t approached the yearly low of $11.0 billion that was seen back in March. Across a yearly timetable, Saxo Bank’s latest FX turnover in May 2016 was more upbeat, with a YoY growth of 8.2% from $11.0 billion in June 2015.
Furthermore, Saxo Bank’s total monthly volume also moved higher; climbing tepidly to $261 billion in June 2016 from $255 billion in May 2016 – this yielded a movement of just 2.4% MoM, though it did reverse and eliminate last month’s losses. Extending this analysis to a yearly interval, the latest figures also orchestrated a growth of 8.3% YoY from $241 billion in June 2015. Despite a pronounced movement, June 2016’s total volumes were the highest at Saxo Bank since January 2015, when the Swiss National Bank crisis enveloped the industry.
Finally, Saxo Bank’s client collateral deposits continued their steady rise into June 2016, inching higher to $12.25 billion in June 2016, up by less than 1.0% MoM from $12.22 billion in May 2016 – this figure has risen in every month of 2016 and is currently operating at an all-time high.
Saxo Bank, a Danish multi asset broker, has reversed its monthly downtrend, helping pare some if its recent losses en route to a stronger month during June 2016 – additionally, key metrics at Saxo Bank reached yearly highs, including its client collateral deposits, according to a Saxo Bank statement.
Saxo Bank’s 2016 volumes have been a mixed bag, waxing and waning throughout H1 – generally speaking the trend has been lower, after peaking at a yearly high of $12.9 billion in average daily foreign exchange (FX) turnover in January 2016. This gave way to an oscillating movement of volumes that ultimately grew during June 2016, climbing to $11.9 billion for the month.
The increase in trading volumes at Saxo Bank came despite the substantially increased margin requirements during the Brexit event. Clients of the Danish multi-asset brokerage have also managed to secure over €200 million in profits over the course of the massive Volatility around the referendum on June 23rd.
This does represent a growth of 2.6% MoM from $11.6 billon set back in May 2016. Despite rescinding volumes last month, the group’s recent figures haven’t approached the yearly low of $11.0 billion that was seen back in March. Across a yearly timetable, Saxo Bank’s latest FX turnover in May 2016 was more upbeat, with a YoY growth of 8.2% from $11.0 billion in June 2015.
Furthermore, Saxo Bank’s total monthly volume also moved higher; climbing tepidly to $261 billion in June 2016 from $255 billion in May 2016 – this yielded a movement of just 2.4% MoM, though it did reverse and eliminate last month’s losses. Extending this analysis to a yearly interval, the latest figures also orchestrated a growth of 8.3% YoY from $241 billion in June 2015. Despite a pronounced movement, June 2016’s total volumes were the highest at Saxo Bank since January 2015, when the Swiss National Bank crisis enveloped the industry.
Finally, Saxo Bank’s client collateral deposits continued their steady rise into June 2016, inching higher to $12.25 billion in June 2016, up by less than 1.0% MoM from $12.22 billion in May 2016 – this figure has risen in every month of 2016 and is currently operating at an all-time high.
Gender Gap in Online Privacy Concerns: Women More Reserved in Sharing Personal Data
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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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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.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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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.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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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
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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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
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
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.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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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.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
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.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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