Saxo Bank’s November Volumes Pointed Upward, Strike Fresh 2016 Highs
- Saxo Bank scored a 2016 high in its total FX turnover during November, fueled by an influx of market volatility.
Danish multi asset broker Saxo Bank has continued its upward trajectory of volumes heading into November 2016, which overall secured a healthy growth in average daily volumes (ADV) and foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term turnover, per a Saxo statement.
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The latest volumes in November 2016 were reflective of a continued growth, coming in at $15.6 billion in average daily foreign exchange (FX) turnover for the month. This was good for a rise of 23.8% MoM from just $12.6 billion in the month prior.
Over a yearly timetable, Saxo Bank’s latest average daily turnover also scored a sizable gain en route to a rise of 50.0% YoY from $10.4 billion in November 2015. Looking over another key metric, Saxo Bank once again saw its total volume climb to a fresh 2016 high, this time inking a figure of $344.0 billion.
November 2016’s total volume at Saxo Bank was also higher by 29.3% MoM from $266.0 billion set back in October 2016. Extending the comparison to a yearly interval, November 2016’s total volume was also 57.8% higher YoY from $218.0 billion in November 2015 – the most recent month also saw Saxo overcome a previous 2016 high, having been the beneficiary of US election-induced trading 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.
Finally, Saxo Bank’s client collateral deposits fell for a consecutive month in November 2016, inching lower to $12.95 billion, nearly unchanged MoM from $13.01 billion in October 2016 – relative to 2015 however, the latest deposits secured a 13.5% growth YoY from just $11.41 billion in November 2015.
Danish multi asset broker Saxo Bank has continued its upward trajectory of volumes heading into November 2016, which overall secured a healthy growth in average daily volumes (ADV) and foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term turnover, per a Saxo statement.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong.
[gptAdvertisement]
The latest volumes in November 2016 were reflective of a continued growth, coming in at $15.6 billion in average daily foreign exchange (FX) turnover for the month. This was good for a rise of 23.8% MoM from just $12.6 billion in the month prior.
Over a yearly timetable, Saxo Bank’s latest average daily turnover also scored a sizable gain en route to a rise of 50.0% YoY from $10.4 billion in November 2015. Looking over another key metric, Saxo Bank once again saw its total volume climb to a fresh 2016 high, this time inking a figure of $344.0 billion.
November 2016’s total volume at Saxo Bank was also higher by 29.3% MoM from $266.0 billion set back in October 2016. Extending the comparison to a yearly interval, November 2016’s total volume was also 57.8% higher YoY from $218.0 billion in November 2015 – the most recent month also saw Saxo overcome a previous 2016 high, having been the beneficiary of US election-induced trading 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.
Finally, Saxo Bank’s client collateral deposits fell for a consecutive month in November 2016, inching lower to $12.95 billion, nearly unchanged MoM from $13.01 billion in October 2016 – relative to 2015 however, the latest deposits secured a 13.5% growth YoY from just $11.41 billion in November 2015.