Saxo Bank’s trading volume grows in Mar 2017 as all segments perform better

Saxo Bank’s trading volume grows in Mar 2017 as all segments perform better

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Saxo Bank, a Danish bank specialized in providing online trading services, reported on Wednesday a trading volume of $376.7 billion in March 2017, posting a growth of 19.2% on the month and 24.7% over the year.  The daily average volume last month was $16.4 billion, which was also up by 3.8% month-on-month and 25.2% on an annual basis.

The bank saw all its businesses accelerate in March. Forex trading volume stood at $275.2 billion, which represents a double-digit increase on a monthly and annual basis of 16.7% and 26.4%, respectively. This segment made up the largest trading volume share of 73% (down from 74.6% in February).

Following are the forex bank’s monthly trading metrics by segment for January-March 2017:

Saxo Bank Mar 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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