Saxo Financial institution, the Denmark-headquartered brokerage, printed its buying and selling metrics for November, reporting a surge in foreign currency trading actions. The full month-to-month FX quantity got here in at $138 billion, 7.8 % increased than the earlier month.
The every day common with foreign currency trading quantity for the month got here in at $6.3 billion in comparison with $6.1 billion within the earlier month. It was a 3.2 % month-over-month enhance. 12 months over 12 months, the entire buying and selling demand and the ADV elevated by 40 % every.
Robust General Demand
The general month-to-month quantity for the month additionally strengthened to $458.4 billion from October’s $432.2 billion, a month-over-month enhance of 6 %. The determine doubled by about 57 % from November 2021. The ADV at $20.8 billion additionally strengthened by marginally 1 % month-over-month and over 56 % year-over-year.
Saxo is a serious platform for retail {and professional} buying and selling companies. Moreover foreign exchange, it additionally presents equities, commodities, and fixed-income devices. It additionally supplies cryptocurrency buying and selling companies in some non-European markets.
In November, the equities buying and selling demand went as much as $278.9 billion from $256.5 billion in October and $156.2 billion in November 2021. The ADV for the month at $12.7 billion witnessed a month-to-month enhance of 4 % and a yearly of about 79 %.
Nonetheless, the demand for fixed-income and commodities went down final month. The full commodities month-to-month quantity got here right down to $32.1 billion from the earlier month’s $36.4 billion. It was the second consecutive month of slowing buying and selling actions with this asset class. The ADV got here in at $1.5 billion, a decline from October’s $1.7 billion however a rise from $1.4 billion in November 2021. Buying and selling actions with mounted revenue confirmed an identical development as ADV declined by 17.5 % from the earlier month and strengthened by 39 % from the identical month of the earlier 12 months.
In the meantime, Saxo has additionally been making some adjustments to its high administration. It just lately onboarded Simon Camilleri as the brand new COO of the UK subsidiary, whereas Mads Petersen has been named because the Interim CFO of the group.
Saxo Financial institution, the Denmark-headquartered brokerage, printed its buying and selling metrics for November, reporting a surge in foreign currency trading actions. The full month-to-month FX quantity got here in at $138 billion, 7.8 % increased than the earlier month.
The every day common with foreign currency trading quantity for the month got here in at $6.3 billion in comparison with $6.1 billion within the earlier month. It was a 3.2 % month-over-month enhance. 12 months over 12 months, the entire buying and selling demand and the ADV elevated by 40 % every.
Robust General Demand
The general month-to-month quantity for the month additionally strengthened to $458.4 billion from October’s $432.2 billion, a month-over-month enhance of 6 %. The determine doubled by about 57 % from November 2021. The ADV at $20.8 billion additionally strengthened by marginally 1 % month-over-month and over 56 % year-over-year.
Saxo is a serious platform for retail {and professional} buying and selling companies. Moreover foreign exchange, it additionally presents equities, commodities, and fixed-income devices. It additionally supplies cryptocurrency buying and selling companies in some non-European markets.
In November, the equities buying and selling demand went as much as $278.9 billion from $256.5 billion in October and $156.2 billion in November 2021. The ADV for the month at $12.7 billion witnessed a month-to-month enhance of 4 % and a yearly of about 79 %.
Nonetheless, the demand for fixed-income and commodities went down final month. The full commodities month-to-month quantity got here right down to $32.1 billion from the earlier month’s $36.4 billion. It was the second consecutive month of slowing buying and selling actions with this asset class. The ADV got here in at $1.5 billion, a decline from October’s $1.7 billion however a rise from $1.4 billion in November 2021. Buying and selling actions with mounted revenue confirmed an identical development as ADV declined by 17.5 % from the earlier month and strengthened by 39 % from the identical month of the earlier 12 months.
In the meantime, Saxo has additionally been making some adjustments to its high administration. It just lately onboarded Simon Camilleri as the brand new COO of the UK subsidiary, whereas Mads Petersen has been named because the Interim CFO of the group.
