Volumes and Client Assets Rise at Saxo Bank During November

Following positive figures from the TFX earlier today, Saxo Bank has reported its November trading results. During the month, total client volumes were $251 billion, with average daily volume (ADV) of $11.4 billion. The volumes were 5.5% and 9.6% higher respectively than October’s activity. The ADV number was the highest at Saxo Bank since July of this year.

Saxo Bank also posted that client assets rose to $7.83 billion from $7.66 billion in October, an all-time record for the broker. The consistent increase in client assets at the firm has occurred even as trading volumes in the second half of 2013 have trailed those of earlier in the year. During an interview with Saxo Bank’s Co-CEO, Kim Fournais last month, he pointed to the bank’s very diverse Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term offering as one the company’s advantages, and that client interests are currently shifting away from just 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. In terms of average client size, the variety of offerings allows the firm to have greater appeal to asset managers and longer term investors.