Saxo Bank volumes climb in March and April

March and April volume numbers continue to impress from Saxo Bank.

LeapRate Exclusive…. LeapRate has learned that leading global FX broker Saxo Bank, a member of LeapRate’s Approved List of regulated global FX firms, continued its strong start to 2013 through March and April.

The details — we had previously reported (also, exclusively) that in January ($427 billion) and February ($368 billion) this year Saxo Bank had two of its best-ever months. Well things weren’t quite that record-setting in March and April, but volumes remained strong, and have stayed more than 35% above last year’s levels at Saxo Bank — volumes in March came in at $318 billion, and in April $343 billion. A very nice start to 2013 indeed, matching strong volumes from other major brokers such as FXCM, Alpari and GMO Click.

Saxo Bank’s global expansion strategy seems to be working, helped of course by strong trading volumes globally. Saxo Bank recently entered the Prime Brokerage business, and over the past year or so has announced acquisitions and/or new offices in Uruguay, Istanbul, WarsawSouth Africa, Cyprus, and Australia.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

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