Saxo Bank’s Monthly Volumes Reach $322 Billion in July

Denmark-based FX and CFD trading services provider, Saxo Bank recently released its volumes for July 2022. During the reported period, the company witnessed monthly volumes of $322 billion, compared to $398.8 billion in June 2022.

While the overall volumes dipped significantly compared to the previous month, the numbers were up marginally compared to the same period last year. In July 2021, Saxo saw a total monthly volume of $309.5 billion.

Compared to June 2022, trading activity across Saxo Bank’s equities and FX products dropped in July 2022. In the last month, volumes related to equities touched $166.2 billion, compared to $192.1 billion in June 2022.

As far as FX demand is concerned, Saxo Bank witnessed monthly volumes of $115.9 billion in July 2022, compared to $152.5 billion in the previous month. Average daily FX volume came in at $15.3 billion during the recent month.

Trading volumes related to commodities and fixed-income also dipped in July 2022.

2022

So far in 2022, Saxo Bank witnessed decent growth in trading activity across different products. Compared to May 2022, the company’s FX demand climbed in June. During the first three months of this year, Saxo Bank’s total monthly volumes remained above the level of $400 billion. Between January and March 2022, the company’s daily average volume stayed above $20 billion.

Since the start of 2022, Saxo Bank has expanded its team significantly to facilitate the company’s global expansion. In June this year, Gyula Szathmary became the new Global Head of Digital Experience Platforms and CMS Strategy at Saxo Bank.