Saxo Bank volumes skyrocket to $400 billion+ early in 2013

January volumes were $427 billion, February volumes $368 billion at 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, greatly exceeded its 2012 average volumes during the first two months of 2013. January volumes jumped to average $19.4 billion per day (or $427 billion for the month, with 22 trading days in January), and $18.4 billion daily in February (or $368 billion for the 20-day month).

Turns out we somewhat underestimated Saxo Bank’s 2012 volumes in our report last week on the Saxo Bank 2012 annual results announcement. Monthly volumes averaged $252 billion at Saxo Bank in the first half of 2012, and $264 billion in the second half of the year — a corrected graph appears below.

To download Saxo Bank’s complete 2012 Annual Report click here.

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


Read Also: