Volumes Down as Assets Grow During August at Saxo Bank

Saxo Bank has reported its trading metrics for the month of August. During the month, the firm reported average daily volumes of $10.6 billion, a 10.9% decline from July’s figures. The volume numbers marked Saxo Bank’s lowest activity of the year, and was 45% below peak trading figures which were achieved in January. Despite, the lack of activity, the bank reported that client collateral for trading continued was $7.14 billion. The figure represents a 4.3% increase from July, and continues to show that the firm is able to grow its customer deposit base even during slow periods of trading in the market. The trading metrics were the first monthly figures to be disseminated using the firm's new Transparency page.

In terms of average client size, the firm benefits from using a high minimum deposit threshold and multi-asset offering. As such, with average client sizes between $50-100,000, much of Saxo Bank customer base is resembling that of ‘private’ banking customers rather than typical retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term clients. Similarly, we saw results from Swissquote earlier this year, which showed average account size of Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term accounts at a fraction of its multi-asset trading account offering.