Saxo Bank's March Volumes Lower By 9% on February

The Average Daily Volume has dropped markedly to $11.4 billion, which is lower by 13.6% when compared to last month's

saxo_bankVolumes at Saxo Bank in March have dropped by 9% when compared to last month coming out at $239 billion. This concludes an overall strong quarter for the Danish broker, with the average monthly volume averaging $268 billion per month which is higher by 11% over the monthly average during the last quarter of 2013. Note that these are total trading volumes at the company.

Clients’ collateral deposit figures continued increasing marking a new record at 8.89. Overall the increased market activity during the quarter has contributed to a stabilisation on the recent decline in trading volumes that was observed in the latter part of 2013. The average daily volumes (ADV) have dropped markedly by 13.6% to $11.4 billion when compared the month of February, which had fewer trading days. Such levels are similar to the final quarter of 2013, but could be just a temporary hiccup.

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