Saxo Bank Trading Volumes Continue Rising Steadily in October 2016

[kreslik.news]

Danish multi-asset brokerage Saxo Bank has reported its monthly metrics for October 2016, which ultimately managed to overtake last month’s strong volumes, showing more advance MoM across its foreign exchange (FX) business.

Just one month ago, Saxo Bank’s trading volumes spiked higher by 20.4% MoM during September to a total of $221 billion. On an average daily volume basis, trading rose 26.0% to $12.1 billion, compared to just $9.6 billion in August 2016.

During October 2016, Saxo Bank saw its average daily volumes rise to $12.6 billion, good for a jump of 4.1% MoM from $12.1 billion in the month prior. Across a ... (read more)