Saxo Bank sees daily Forex volumes rise 5% MoM in November 2015


Multi-asset trading and investment expert Saxo Bank has earlier today published its key operating metrics for November 2015, with the month being rather solid for the company, with average daily volumes rising against October 2015 levels and client deposits continuing to grow.

Average daily volumes in November 2015 amounted to $10.4 billion, up 5% from the level of $9.9 billion registered in October 2015. Monthly Forex volumes totalled $218 billion last month, unchanged from October 2015 levels.

In annual terms, however, the comparison was not that positive, as the results registered in November 2015 failed to match the achievements of November 2014. The ADV from November 2015 was 30.7% lower from the ADV registered a year earlier.

On the brighter side, client deposits amounted to $11.41 billion at the end of November 2015, up 1.5% from October 2015.

saxo_chart_nov15

You can find out more about Saxo Bank’s performance by visiting the corporate Transparency page.

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Saxo Bank sees daily Forex volumes rise 5% MoM in November 2015

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