Tom Arran Tom Arran, dinsdag 8th oktober 2019, 9:33 AM GMT+0000
Saxo Bank

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.

Tom Arran

Auteur: Tom Arran

Tom has over 10 years experience on crypto currencies, first mining bitcoin on an old university computer for 20 cents a coin to now day trading bitcoin in between helping to start whichbroker.com. Tom has previously held roles at a leading EU brokerage and provided insight and consultancy work for number of UK banks in Crypto. Tom Arran can be contacted at [email protected], Toon alle berichten van Tom Arran

Featured Brokers

  • FXPesa Review

    Open FXPesa Account

    Read FXPesa Review

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

  • Pepperstone, TrioMarkets, Nano Bitgrail

    Open Tiomarkets Account

    Read Tiomarkets Review

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

  • RoboForex

    Open RoboForex Account

    Read RoboForex Review

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

More From Author