Saxo Bank posts strong September, volumes up 20% to $266 billion


saxo bank fx volume

Copenhagen-based Multi Asset broker Saxo Bank has just reported its September volumes and it has made quite a rise from August’s lowest level in 2016.

In fact, by all means, this has been Saxo Bank’s best volumes month in 2016 and most active one since January 2015 when volumes topped $300 billion in part due to the Swiss Franc spike.

Daily average was $12.1 billion. As for Saxo Bank’s monthly volume – its number hit $266 billion.

Clients’ collateral deposits for trading also moved slightly up to $13.17 billion.

See the monthly details in the graphic below:

saxo-bank-volume-sept2016

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  • Money Sweeper

    Very average volume given they have 12 billion in client deposits.

  • Clark

    most of their deposits aren’t forex deposits, they are bank deposits. this is a real bank, not a sham FX operator that gets 100yard of action from just $5mln of client deposits with clients churning like crazy.

    • Sam

      A bank according to the Danish, a shithouse forex broker according to the rest of the world.

      • Clark

        $12 billion of client deposits seem to say otherwise, Sam

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Saxo Bank posts strong September, volumes up 20% to $266 billion

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