Saxo Bank's April Trading Volumes Weakest of 2017

Danish multi-asset brokerage Saxo Bank has reported its monthly metrics for April 2017, which ultimately failed to overtake last month’s strong volumes, showing a renewed decline month-over-month across all business segments.

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Just one month ago, Saxo Bank’s trading volumes spiked higher by 19 percent month-over-month during March to a total of $376.7 billion. On an average daily volume basis, trading activity climbed to $16.4 billion, compared to just $15.8 billion in February 2017.

During April 2017, Saxo Bank saw its total average daily volumes drop to $14.2 billion, the lowest since December 2016 and also down -13.4 percent month-over-month from $16.4 billion in the month prior. Across a yearly timeframe, this figure also failed to best its 2016 equivalent, scoring a 3.4 percent decrease year-over-year from $14.7 billion in April 2016.

The latest volumes across the FX business were also reflective of a continued weakness, coming in at $10.3 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 for April. This signified a loss of 14.1 percent MoM from $12.0 billion in the month prior.

In terms of its total volume, Saxo Bank yielded a figure of $284.1 billion in April 2017, lower by 24.6 percent from $376.7 billion a month earlier. In addition, the latest figure is noticeably lower than the $307.8 billion in total volume secured last April 2016, which equates to a 7.7 percent loss year-over-year.

Last week, Saxo Bank reported its client collateral deposits, which soared to new heights. The group struck an all-time high of $15.0 billion (DKK 100 billion) due to increased 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 customer confidence in recent months.