Saxo Bank December forex volume metrics drop 6% to $235 billion

Saxo Bank averaged $294B monthly in 2013, but second half of the year was 30% below first half

Moderation seems to have been the theme during the second part of the year for most industry players as Saxo Bank released its volume metrics numbers on Friday. The company announced that volumes in the month of December totaled $235 billion, lower by 6% when compared to the previous month.

saxo bank volumes dec 2013

While 2013 overall has been quite robust with average monthly volumes reported coming at $294 billion monthly, the great moderation in the latter part of the year spells uncertainty as to where will the trend go from here. Japanese Yen induced spike in volatility has been quite substantial in the beginning of last year and retail traders would most likely need another trigger to reactivate their engagement with the markets.

With the Federal Reserve already announcing the start of its “tapering” that might just be the necessary event that can reawaken volatilities across the board and bring back trading volumes to the market.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

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