Building further on the remarkable increases in volumes which Saxo Bank achieved in September, October 2014 has proven to be even more fruitful with a total volume of $392 billion for the month.
This is not only the highest volume figure that the company has achieved on a monthly basis since January 2013, a time which paved the way for a sustained period of high volatility across the entire industry, but also represents a 19% increment over September’s stellar performance.
Average daily volumes for October amounted to $17.1 billion compared to the $14.6 billion in September this year, whilst clients’ collateral deposits for trading rose from $9.9 billion to $9.97 billion.
The small increase in trading collateral combined with the vast increases in volume serves to demonstrate that whilst the number of clients and the amounts that they are trading with remain similar, these traders are conducting far more activity over the last two months as a result of rapidly increasing market volatility among FX asset classes.
For the full announcement from Saxo Bank, click here.