Saxo Bank Secures Further Growth in July as Volatility Picks Up

Danish multi-asset brokerage Saxo Bank has reported its monthly metrics for July 2017, which ultimately managed to overtake last month’s strong volumes, showing a continued growth across all business segments.

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Last month, Saxo Bank’s total trading volumes spiked higher by 19 percent year-over-year to a total of $336.4 billion relative to $308.9 a year ago. Across a monthly timeframe, however, this figure failed to best its June equivalent, scoring a 2.8 percent decrease month-over-month from $346.0 billion in the month prior.

On an average daily volume basis, trading activity climbed to $16.0 billion, compared to just $14.7 billion in July 2017, gaining 8.8 percent year-over-year. In addition, Saxo Bank’s total average daily volumes secured a moderate increase of 1.9 percent month-on-month over June’s figures.

The latest volumes across the FX business were also reflective of a continued improvement, coming in at $11.9 billion in average daily foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX Turnover FX Turnover FX turnover is the sum value of all transactions performed in the foreign exchange market during any specific time although, generally, they are computed monthly. When used in a technical analysis application, FX turnover measures the efficiency and magnitude of asset allocations while a growing turnover is a defining trait of an active bullish market. In forex trading, the volume histogram is one of the most utilized indicators to measure FX turnover. This construct helps plot trading volumes t FX turnover is the sum value of all transactions performed in the foreign exchange market during any specific time although, generally, they are computed monthly. When used in a technical analysis application, FX turnover measures the efficiency and magnitude of asset allocations while a growing turnover is a defining trait of an active bullish market. In forex trading, the volume histogram is one of the most utilized indicators to measure FX turnover. This construct helps plot trading volumes t Read this Term for July. This signified a gain of 8.18 percent month-on-month from $11.0 billion in the month prior, coupled with a 6.25 percent surge year-on-year.

In terms of commodities average daily volume, Saxo Bank yielded a figure of $1.4 billion in July 2017, higher by 27.3 percent from the $1.1 billion reported in July 2016. However, the latest figure is unchanged when weighed against the prior month’s volumes.