Saxo Bank Trading Volumes Show Mild Rebound in May 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 May 2018, having managed to recover from the weak momentum seen last month due to a more volatile market trading atmosphere. The latest figures, however, saw a sizable consolidation in key volumes segments, failing to overtake a number of recent highs seen in February.

This week some of the competitors of the Danish brokerage, such as FXCM Group, also reported mixed results in their trading metrics for May over the month.

During May 2018, Saxo Bank’s average daily FX volume came in at $12.3 billion, up 5.12 percent month-over-month from $11.7 billion in April 2018. April’s figure was the worst in 2018, totaling a nearly 85.0 percent drop from the year’s peak set earlier in February at $21.7 billion.

May’s ADV for last month was also higher year-over-year, correlating to an increase of 21 percent relative to $10.2 billion in May 2017.

In terms of Saxo Bank’s total monthly FX volume in May 2018, it was reported at $283.4 billion, up 20 percent from $235.0 billion a year ago. Moreover, this figure corresponds to a monthly rise of 15.5 percent compared to $245.4 billion in April 2018.

Earlier today, Saxo Bank has announced collaboration with Nasdaq to provide portfolio management services, focused on developed and emerging markets stocks and does not include U.S. shares. The goal of the service is to deliver to clients a tailored and cost-effective way to invest in a portfolio that includes 30-40 quality stocks.

We also reported on the Danish broker last week when the high court of eastern Denmark (Østre Landsret), one of Denmark’s two ‎‎high courts, has ordered Saxo Bank A/S to pay out compensation exceeding ‎‎$300,000 in the latest lawsuit stemming from the SNB’s Black Swan Black Swan A Black Swan event is most commonly associated with an unforeseen calamity or event. In its most basic form, this event results in disastrous consequences for multiple parties, markets, or individuals and are characterized as extraordinarily rare in frequency, yet are seemingly predictable in retrospect. In the foreign exchange space, the most noteworthy of these events in recent memory was the Swiss National Bank (SNB) crisis which roiled currency markets back on January 15, 2015.During this in A Black Swan event is most commonly associated with an unforeseen calamity or event. In its most basic form, this event results in disastrous consequences for multiple parties, markets, or individuals and are characterized as extraordinarily rare in frequency, yet are seemingly predictable in retrospect. In the foreign exchange space, the most noteworthy of these events in recent memory was the Swiss National Bank (SNB) crisis which roiled currency markets back on January 15, 2015.During this in Read this Term.‎