Saxo Bank has strong August, as daily Forex volumes jump 33% MoM


Saxo Bank, the Denmark-based group combining the roles of a Forex broker and a bank, earlier today posted some key operating metrics for August 2015, with the data showing that the company managed to benefit from the rise in volatility towards the end of last month.

Trading activity grew in both monthly and annual terms, as indicated by the increase in Forex volumes.

Let’s take a look at the particular metrics:

Average daily volumes in August 2015 amounted to $10.5 billion, up 32.9% from the level of $7.9 billion recorded in July 2015. In annual terms, the rise is 4%.

Monthly Forex volumes totalled $220.4 billion in August 2015, up 21.7% from July 2015 levels and up 4% from August 2014.

Client deposits amounted to $11 billion, up from $10.01 billion registered in August 2014.

saxo_chart_aug15

To obtain detailed information about Saxo Bank’s performance, visit the corporate Transparency page.

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Saxo Bank has strong August, as daily Forex volumes jump 33% MoM

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