Saxo Bank Reports in April its Weakest Trading Volumes of 2018

[kreslik.news]

Danish multi-asset brokerage Saxo Bank has reported its monthly metrics for April 2018, which ultimately failed to overtake last month’s flat volumes, showing a renewed decline month-over-month across all business segments.

Just one month ago, Saxo Bank’s FX volume dropped by 26 percent month-over-month during March to a total of $317.2 billion. On an average daily volume basis, trading activity retreated to just $14.4 billion, compared to just $21.7 billion in February 2018.

During April 2018, Saxo Bank saw its FX average daily volumes drop to $11.7 billion, the lowest since December 2017 and also down -19 percent month-over-month from ... (read more)