Saxo Volumes Return to Normal
August faced significant hurdles for Saxo Bank to overcome. The banking institution overcame their struggles and returned to reasonable valuations in September. The Danish Trading Company saw trade volumes of $223.5 Billion in August. However, that number increased to $282.9 Billion for September. The decreased trading volumes in August were prompted through lower equity trading. The company reported that in September, equities correlating to stock trading were listed at $52.4 Billion. That number raised to $87.4 Billion by September. Most industry analysts couldn’t understand the lower Saxo volumes, as two months ago, there was a spike in equity trading thanks to higher volatility. This drove markets to new heights, but for some brokers saw an immediate decrease after the peak volumes.
Forex Decline in September
Equity trading rose for Saxo Bank in September, while trading volumes on Foreign Exchange Trades dropped in September. The reported FX Volumes for August were rated at $139.1 Billion. The figure for the first month of fall dropped by 15%, causing for Saxo to see volumes of $118.6 Billion in September. The broader market volatility for August prompted these altercations in the Saxo Market. These same issues faced the financial firm back in March 2019 but were quickly resolved by markets returning to average volumes.
The fixed income and commodity markets didn’t see any alterations in their trading volumes for August or September. Saxo Bank reported that the trading volumes for the fixed income markets have remained around $43.3 Billion and that the Commodity Markets have remained around the same $13.1 Billion trading volumes.