Saxo Bank’s Feb 2017 trading volume stays strong despite double-digit monthly drop

Saxo Bank’s Feb 2017 trading volume stays strong despite double-digit monthly drop

- in All News, Featured News, Forex Brokers
Saxo Bank

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 feb 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.

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