Saxo Bank's Volumes Shed Another 10% in April

Monday, 05/05/2014 | 09:28 GMT by Victor Golovtchenko
  • Volumes at the leading Danish brokerage house are now the lowest since it launched its transparency program that made public the monthly figures back in the beginning of last year, 37% lower than a year ago.
Saxo Bank's Volumes Shed Another 10% in April
saxo_bank

Hailing from Denmark, the biggest online brokerage powerhouse in Europe, Saxo Bank has released its monthly volumes figures for April. After the decent spike that we observed in January, the trend reversal which started in February is still ongoing with the volume metrics number falling to $213 billion, which is about 10% lower than March figures.

The drop marks a record low since the company started publishing these numbers in the beginning of last year and a third straight month of declines. The spike up in January for now appears to be a one off event, as it is clear that only a major shift in sentiment could unlock Volatility in major FX pairs which have been hovering in tight ranges for the past two weeks, marking the lowest implied volatility figures in years.

The amount of total clients' collateral deposits for trading has increased by a touch more than 2% to $9.08 billion, while the daily average figures have dropped to $10.2 billion, which is also the lowest on record. In a recent effort to further diversify its offerings the company has launched stock options trading, catering to the needs of retail investors which up until now have had to resort to mostly US-based trading platforms to make use of trading options.

saxo_bank

Hailing from Denmark, the biggest online brokerage powerhouse in Europe, Saxo Bank has released its monthly volumes figures for April. After the decent spike that we observed in January, the trend reversal which started in February is still ongoing with the volume metrics number falling to $213 billion, which is about 10% lower than March figures.

The drop marks a record low since the company started publishing these numbers in the beginning of last year and a third straight month of declines. The spike up in January for now appears to be a one off event, as it is clear that only a major shift in sentiment could unlock Volatility in major FX pairs which have been hovering in tight ranges for the past two weeks, marking the lowest implied volatility figures in years.

The amount of total clients' collateral deposits for trading has increased by a touch more than 2% to $9.08 billion, while the daily average figures have dropped to $10.2 billion, which is also the lowest on record. In a recent effort to further diversify its offerings the company has launched stock options trading, catering to the needs of retail investors which up until now have had to resort to mostly US-based trading platforms to make use of trading options.

About the Author: Victor Golovtchenko
Victor Golovtchenko
  • 3424 Articles
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About the Author: Victor Golovtchenko
Victor Golovtchenko: Key voice in crypto and FX, providing cutting-edge market analysis.
  • 3424 Articles
  • 22 Followers

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