Saxo Bank sees Forex volumes rise to $218B in October 2015

Provider of multi-asset investment and trading services Saxo Bank has managed to provide a good piece of news, striking a contrast note amid a raft of reports from the Forex industry showing decreases in trading volumes for October 2015.

Saxo Bank earlier today published its key operating metrics for October 2015, with Forex volumes and client deposits showing a rise from September 2015 levels.

Monthly Forex volumes totalled $218 billion in October 2015, up 0.9% from the result of $216 billion registered in September 2015.

Average daily volumes in October 2015 amounted to $9.9 billion, up 1% from the level of $9.8 billion recorded in September 2015. On the downside, the company failed to match the results seen in exceptionally strong October 2014, when average daily volumes hit a level of $17.1 billion.

Client deposits amounted to $11.24 billion in October 2015, marking a rise of 4.8% from the result of $10.73 billion registered a month earlier.


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

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