Saxo Bank’s 2016 Total FX Volumes Climb Double Digits on YoY Basis

Danish multi asset broker Saxo Bank has reported its final year-ending FX volumes for the December 2016, which incurred a sizable MoM decline following a seasonal slowdown of Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term and a dearth of other market drivers.

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In reality, any consecutive monthly climb in FX volumes during December was ill fated, given that the month prior featured one of the most volatile trading periods of the year. November saw the passage of the US election that triggered an enormous bout of volatility for worldwide markets, something that December notably lacked.

Fast forward to December 2016, and Saxo Bank’s average daily volumes (ADV) and 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 turnover was trending lower, coming in at $11.5 billion, down -26.3% from $15.6 billion in November 2016. Over a yearly basis however, the latest figures were higher by a margin of 17.6% YoY from $9.8 billion in December 2015. Taken over the entire year however, Saxo Bank’s total volume climbed higher in 2016 by 17.5% from 2015.

Looking at its total volume in December 2016, Saxo Bank underwent a decline in this metric MoM to $253 billion, down -26.5% MoM from $344.0 billion in November 2016. Finally, Saxo Bank’s client collateral deposits managed to reverse a monthly pullback, instead rising tepidly in December 2016, up to $13.08 billion from $12.95 billion, or 1.0% MoM.