Saxo Financial institution, with headquarters in Denmark, reported a complete buying and selling quantity of $438.3 billion in September, a drop from $453.7 billion from the earlier month and a month-over-month decline of three.4 %. Nonetheless, the every day common improved to $20.9 billion from $19.7 billion as a result of decrease variety of buying and selling days final month.
The foreign currency trading quantity on the brokerage platform got here in at $106.1 billion, a fall of 5.5 % from the earlier month’s figures of $112.3 billion. Yr-over-year, the quantity curtailed by greater than 27 %.
The every day common of the FX buying and selling final month was reported as $5.1 billion, an enchancment from $4.9 million within the earlier month however a decline from $6.7 billion in the identical month of the earlier yr.
Though FX dominated Saxo’s providing as soon as, now, equities develop into probably the most important driver of the general buying and selling quantity. The month-to-month quantity of equities got here in at $289.1 billion, reducing 2.2 % month-over-month however enhancing 16.6 % year-over-year.
Saxo’s choices additionally included commodities and fixed-income devices. The $36.7 billion month-to-month quantity of commodities declined from the earlier month’s $37.9 billion. For fastened earnings, the figures dwindled from $7.8 billion to $6.8 billion.
Buying and selling quantity on Saxo Financial institution in September
Increasing Abroad Presence
Within the abroad market, primarily within the Asia Pacific, Saxo provides a broader vary of merchandise, together with cryptocurrency contracts for variations (CFDs). Nonetheless, the Danish group doesn’t publish the demand for these merchandise on a month-to-month foundation. The group can also be increasing its attain within the abroad markets with partnerships.
In the meantime, the working revenue of Saxo skyrocketed to DKK 520 million within the first half of the continued yr, an enhancement of 34 %. Though buying and selling and funding exercise decreased amongst its purchasers, the elevated curiosity earnings offset the impression.
Saxo Financial institution, with headquarters in Denmark, reported a complete buying and selling quantity of $438.3 billion in September, a drop from $453.7 billion from the earlier month and a month-over-month decline of three.4 %. Nonetheless, the every day common improved to $20.9 billion from $19.7 billion as a result of decrease variety of buying and selling days final month.
The foreign currency trading quantity on the brokerage platform got here in at $106.1 billion, a fall of 5.5 % from the earlier month’s figures of $112.3 billion. Yr-over-year, the quantity curtailed by greater than 27 %.
The every day common of the FX buying and selling final month was reported as $5.1 billion, an enchancment from $4.9 million within the earlier month however a decline from $6.7 billion in the identical month of the earlier yr.
Though FX dominated Saxo’s providing as soon as, now, equities develop into probably the most important driver of the general buying and selling quantity. The month-to-month quantity of equities got here in at $289.1 billion, reducing 2.2 % month-over-month however enhancing 16.6 % year-over-year.
Saxo’s choices additionally included commodities and fixed-income devices. The $36.7 billion month-to-month quantity of commodities declined from the earlier month’s $37.9 billion. For fastened earnings, the figures dwindled from $7.8 billion to $6.8 billion.
Buying and selling quantity on Saxo Financial institution in September
Increasing Abroad Presence
Within the abroad market, primarily within the Asia Pacific, Saxo provides a broader vary of merchandise, together with cryptocurrency contracts for variations (CFDs). Nonetheless, the Danish group doesn’t publish the demand for these merchandise on a month-to-month foundation. The group can also be increasing its attain within the abroad markets with partnerships.
In the meantime, the working revenue of Saxo skyrocketed to DKK 520 million within the first half of the continued yr, an enhancement of 34 %. Though buying and selling and funding exercise decreased amongst its purchasers, the elevated curiosity earnings offset the impression.
