After April's Dip, Saxo Bank’s FX Volume Climbs 19% to $149.6bn in May
- The total FX trading volume plunged by -17% in April.
- Saxo Bank's FX volume has risen by 38% from January's output.
The Saxo Bank Group, a Danish investment bank specializing in online trading and investment, recorded an approximate 19% surge in its foreign exchange (forex) trading volume in May.
The forex monthly volume, which had dipped by 17% in April, climbed from $126.2 billion to $149.6 billion in May.
Additionally, the bank’s average daily volume (ADV) jumped 19%, rising from $5.7 billion in April to $6.8 billion last month.
These figures was included in the the data shared by the banking group on its website.
When compared to Saxo’s record in January, the FX total monthly trading volume in May is 38% and the ADV 31%.
The bank's total FX trading volumes have been rising gradually since the start of the year except for the 17% tumble recorded in April.
Fixed Income and Equities
In addition, Saxo Bank saw 24% and 25% increases in its total trading and ADV fixed income volumes, respectively. The total volume capped at $10.7 billion in May.
In equity trading, Saxo saw a 30% surge in equities that peaked at $220.1 billion in total monthly volume in May. Further, equities ADV spiked 32%, reaching $10.2 billion.
Moreover, the commodities shared in the jumps in volumes in May as total trading volumes and ADV climbed 6.7% and 5.5%, respectively.
Overall
Across FX, fixed income, 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 and commodities trading, the total volume reached $421.6 billion, which is a 23% jump from April’s posting.
Furthermore, the overall ADV from these categories is a comparable 23% increase that stood at $19.2 billion.
Saxo Bank Group is headquartered in Copenhagen, Denmark and is regulated in multiple jurisdictions.
The group, which says it holds over €86 billion in client assets, has licensed entities in the United Kingdom, France, the Netherland, Singapore and Switzerland as well as others.
The Saxo Bank Group, a Danish investment bank specializing in online trading and investment, recorded an approximate 19% surge in its foreign exchange (forex) trading volume in May.
The forex monthly volume, which had dipped by 17% in April, climbed from $126.2 billion to $149.6 billion in May.
Additionally, the bank’s average daily volume (ADV) jumped 19%, rising from $5.7 billion in April to $6.8 billion last month.
These figures was included in the the data shared by the banking group on its website.
When compared to Saxo’s record in January, the FX total monthly trading volume in May is 38% and the ADV 31%.
The bank's total FX trading volumes have been rising gradually since the start of the year except for the 17% tumble recorded in April.
Fixed Income and Equities
In addition, Saxo Bank saw 24% and 25% increases in its total trading and ADV fixed income volumes, respectively. The total volume capped at $10.7 billion in May.
In equity trading, Saxo saw a 30% surge in equities that peaked at $220.1 billion in total monthly volume in May. Further, equities ADV spiked 32%, reaching $10.2 billion.
Moreover, the commodities shared in the jumps in volumes in May as total trading volumes and ADV climbed 6.7% and 5.5%, respectively.
Overall
Across FX, fixed income, 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 and commodities trading, the total volume reached $421.6 billion, which is a 23% jump from April’s posting.
Furthermore, the overall ADV from these categories is a comparable 23% increase that stood at $19.2 billion.
Saxo Bank Group is headquartered in Copenhagen, Denmark and is regulated in multiple jurisdictions.
The group, which says it holds over €86 billion in client assets, has licensed entities in the United Kingdom, France, the Netherland, Singapore and Switzerland as well as others.