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 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 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.
Solomon Oladipupo is a journalist and editor from Nigeria that covers the tech, FX, fintech and cryptocurrency industries. He is a former assistant editor at AgroNigeria Magazine where he covered the agribusiness industry. Solomon holds a first-class degree in Journalism & Mass Communication from the University of Lagos where he graduated top of his class.
Institutional FX Demand Continues to Climb in April
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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