Saxo Bank, a Danish bank specialized in providing online trading services, generated a trading volume of $316.1 billion in February 2017, according to data published on its website. The broker performed strongly, although the figure represents a decline of 14.6% from January when the levels were quite high. Compared to the same month a year earlier, the volume posted a slight increase of 2.4%.
The daily average volume last month stood at $15.8 billion, which was also a stable level.
Forex trading accounted for the largest share of $235.9 billion last month, or 74.6% of the total. The February daily forex volume stood at $11.8 billion, down from 13.4 billion a month earlier.
This time, Saxo Bank did not provide data about client deposits.
Following are the forex bank’s monthly trading metrics by segment for the first two months of 2017:
Saxo Bank, set up in Copenhagen in 1992, offers about 30,000 trading instruments, including forex, binary options, contracts for difference (CFDs), stocks, bonds, and futures. The company holds a banking license from Denmark’s Financial Supervisory Authority (FSA). The group operates through its subsidiary companies across Europe, Asia and the Middle East, Australia, South America, and South Africa.