Saxo Bank registers 3% MoM rise in daily Forex volumes in May


Saxo Bank, the Denmark-based group that successfully combines the roles of a Forex broker and a bank, has earlier today published some key operating metrics for May 2015. Last month turned out to be rather strong for trading activity among clients of the broker, as far as we can judge from the comparisons between the results for May and April 2015.

Average daily trading volumes totaled $10.4 billion in May 2015, up 3% from the $10.1 billion in ADV registered in April 2015.

This was not the only positive piece of news from Saxo regarding its May 2015 operating metrics as clients’ collateral deposits for trading continued to rise, reaching $11.46 billion last month. This compares with client deposits of $11.31 billion registered in April 2015. This is a new record for the broker – as the deposits in May 2015 surpassed the sum of $11.37 billion registered in November 2014.

Monthly FX volumes at Saxo totaled $219 billion in May 2015, down 1.4% from April 2015 monthly volumes of $222 billion. The downward move can be explained via seasonal factors – May 2015 had fewer business days than April 2015.

Regarding annual comparisons, average daily FX volumes saw slight change – they were down 1.9% from May 2014 levels.

As we comment on the operating metrics for May, we cannot skip mentioning something about the exciting new piece of technology that Saxo Bank introduced and made available to its clients last month – SaxoTraderGo. To get an insight into the new trading platform and the ideas behind it, click here.

saxo_inside_may_15

To view Saxo Bank’s detailed operating metrics, visit the corporate Transparency page.

Related News

arrow

Saxo Bank registers 3% MoM rise in daily Forex volumes in May

3

Send this to a friend