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Multi-asset trading and investment services provider Saxo Bank has just published its key operating metrics for March 2016, with Forex volumes showing a slight drop in monthly terms, whereas client deposits marked a rise.
Saxo Bank’s monthly trading volumes for March 2016 amounted to $254 billion, down 1.9% from the result of $259 billion registered in February 2016, which was the strongest month for trading activity in more than a year for Saxo. We should also note that the month-on-month decline reported by Saxo is way smaller than 20-30% month-on-month decreases in volumes reported by other FX companies in March 2016.
On an annual basis, the monthly trading volume in March 2016 was up 1.6% from the result of $250 billion reported in March 2015.
Average daily volumes in March 2016 amounted to $11 billion, down 10.6% from February 2016 levels and down 3.5% from March 2015 levels.
Client deposits kept rising, reaching $11.64 billion in March 2016, up 6.3% month on month.
You can find details about Saxo Bank’s performance by visiting the Transparency page.