Saxo Bank posts Forex volumes of $258B in January 2016, up 14.2% MoM


Multi-asset trading and investment services provider Saxo Bank has just published its key operating metrics for January 2016, with Forex volumes staging a double-digit rise from December 2015 levels.

Saxo Bank reported monthly Forex volumes of $258 billion for January 2016, a reading which is 14.2% stronger than the result of $226 billion registered in December 2015, which was also a rather robust month for the company.

Average daily volumes in January 2016 amounted to $12.9 billion, up 31.6% from December’s $9.8 billion in ADV.

In annual terms, the comparison was less rosy, which is hardly surprising given the strong market volatility that marked January 2015. Saxo’s monthly Forex volumes in January 2016 fell 14.6% year on year, whereas the ADV was down 10.4%.

Client deposits amounted to $10.79 billion at the end of January 2016, down 4.4% from December 2015 and up 3% from January 2015.

saxo_chart_jan16

You can find out more details about Saxo Bank’s performance by visiting the corporate Transparency page.

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Saxo Bank posts Forex volumes of $258B in January 2016, up 14.2% MoM

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