Saxo Bank volumes approach $500 billion in record January for FX trading

saxo bank fx volumes

Online broker Saxo Bank has reported its client metrics for the month of January, which saw the Copenhagen-based company have its best month ever with total trading volumes of $495.8 billion.

Saxo’s multi-asset strategy paid off handsomely in January, with client trading activity in all of its segments – FX, Equities, Commodities and Fixed Income – reporting near or best-ever activity levels, all well above average 2017 figures.

Saxo Bank multi asset volumes Jan2018

Leading the way, of course, was Saxo Bank’s core FX trading business which generated volumes of $366.3 billion – well above Saxo’s average monthly FX volumes of $245 billion for 2017.

Equities trading totaled $81 billion in January, up 54% from 2017’s monthly average of $53 billion.Commodities volume was $35 billion, and Fixed Income $14 billion.

Outside the volumes arena Saxo Bank has had a very busy start to the year, with Saxo Bank’s new ownership group working fast to reshape the company. Saxo Bank announced a deal to sell its Danish private banking business Privatbank for $60 million. Saxo also continued to add senior talent, hiring Sberbank executive Damian Bunce as its new Chief Client Officer and HSBC executive Ulrik Ross as Head of Group Treasury.

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