Saxo Bank’s FX Volumes Continue Growth Trajectory, June ADV Up 8% MoM

[kreslik.news]

FX trading through Danish multi-asset brokerage Saxo Bank rose to $280 billion in June 2018 compared to previous year, as political events globally created volatility in foreign exchange markets.

Saxo Bank’s clients traded worth $13.3 billion daily in June, up 8.1 percent month-over-month compared with $12.3 billion in May 2018. Saxo’s FX ADV for last month was also higher year-over-year, correlating to an increase of 21 percent relative to $11 billion in June 2017.

Saxo Bank’s total monthly FX volume in June 2018 was reported at $280 billion, up 16 percent from $241 billion a year ago. However, this figure corresponds ... (read more)