Saxo’s FX ADV Jumps 7.6% MoM in February, Equities Decline

After a jump in the trading volume in January, Saxo Bank witnessed a flat demand in February 2022. In the latest official trading metrics published by the Danish broker, the total monthly trading volume went down to $419.1 billion from the previous month’s $438 billion.

However, the average daily trading volume in the month marginally strengthened to $21 billion compared to $20.9 billion in January. This was because of only 20 trading days in February.

Coming to the individual asset class, the demand for forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term instruments jumped by 4 percent month-over-month to touch $112.7 billion. However, this figure declined on a yearly basis by almost 6.3 percent. The average daily volume of FX strengthened to $5.6 billion from $5.2 billion.

Pull Back in Equities

In contrast, equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term demand saw a substantial decline after it hit a record in January. The total monthly volume with equities instruments came in at $251.7 billion, declining by almost 14 percent from the previous month, but it jumped 83 percent year-over-year.

In addition, the demand for commodities and fixed income instruments listed by Saxo jumped significantly last month. In total, $43.9 billion worth of commodities were traded in February, which is a monthly jump of more than 45 percent. Moreover, the monthly volume of fixed income improved from $7.8 billion to $10.8 billion.

Headquartered in Denmark, Saxo is a major player in the retail brokerage industry. It has operations in many jurisdictions, even outside Europe. The group company recently revealed that its profits for 2021 came in at DKK 755 million, which remained flat when compared to the previous year. Although, it onboarded a record number of 263,000 new clients, taking the total clients tally to 820,000 at the end of the year.