Saxo Bank Reports in April its Weakest Trading Volumes of 2018

Danish Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term brokerage Saxo Bank has reported its monthly metrics for April 2018, which ultimately failed to overtake last month’s flat volumes, showing a renewed decline month-over-month across all business segments.

Just one month ago, Saxo Bank’s FX volume dropped by 26 percent month-over-month during March to a total of $317.2 billion. On an average daily volume basis, trading activity retreated to just $14.4 billion, compared to just $21.7 billion in February 2018.

During April 2018, Saxo Bank saw its FX average daily volumes drop to $11.7 billion, the lowest since December 2017 and also down -19 percent month-over-month from $14.4 billion in the month prior. Across a yearly timeframe, this figure managed to best its 2017 equivalent, scoring a 13.6 percent gain year-over-year from $10.3 billion in April 2017.

In terms of its total volume, Saxo Bank yielded a figure of $245.4 billion in April 2018, lower by -22.6 percent from $317.2 billion a month earlier. However, the latest figure is noticeably higher than the $206.5 billion in total volume secured last April 2017, which equates to a 19 percent increase year-over-year.

The soft figures across the FX business were also reflective of wider continued weakness. Saxo Bank saw its total ADV drop to $21.5 billion, shedding -30 percent month-over-month from $30.6 billion in March 2018.

Last week, Saxo Bank signed a significant partnership deal with tech-giant Microsoft to run its entire banking platform on the Microsoft Cloud.