Saxo Bank has released its trading results for June 2023. The Denmark-headquartered financial services provider registered decrease in trading volumes in almost all asset classes last month.
Last month’s total trading volume stood at $391.7 million. The number fell 3.8% from May’s $407.0 million. On yearly basis, the figure was 1.8% lower.
The platform saw forex trading volume of $119.5 billion in June, registering an 8.4% drop from previous month’s $130.5 billion and 21.6% decrease from the same period in 2022.
The average daily volume (ADV) in forex instruments stood at $5.4 billion. The figure dropped 5.3% on monthly basis and 21.7% on yearly.
However, the brokerage firm reported that demand in Equities registered a rise. The volume in June was $233.5 billion, 2.3% higher compared to May. O yearly basis, the asset jumped 21.6%.
Fixed income instruments brought in $6.6 million, dropping 13.2% compared to the previous month. The demand for commodities was also lower by 21.1% on monthly basis at $32.1 million.
Earlier in May, Saxo Bank announced that it has surpassed $100 billion in client assets.
