Saxo Bank registers 1.9% MoM drop in volumes in March, deposits rise


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.

saxo_chart_mar16

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

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Saxo Bank registers 1.9% MoM drop in volumes in March, deposits rise

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