The June forex trading volume of Saxo Bank – a leading Danish investment services provider, bank and retail forex broker with a global presence – has risen nearly 2.6% from May, shows the company report.
According to the data, the total monthly forex volume reached $241.6 billion and the average daily volume stood at $11 billion – up 7.8% from May. The overall figures show that the forex trading volume is back on the mend for a second consecutive month, after a sharp decline in April.
The data on the other asset classes offered for trading by Saxo Bank shows that the main driver behind the overall growth of Saxo Bank’s trading volume in June are the equities. Their volume grew 18.2% from May, to $64.2 billion.
Still, trading in forex instruments constitutes the most significant portion of the overall trading volume of Saxo Bank, which stood at $346 billion, with nearly 70% of it.
Saxo Bank, founded in Copenhagen in 1992, is a brokerage firm and a market maker. It holds a banking license from Denmark’s Financial Supervisory Authority (FSA). It offers trading in more than 30,000 instruments, including forex, binary options, CFDs, stocks, futures, and bonds through its proprietary online trading platforms SaxoTrader and SaxoTraderGO.