Saxo Bank client trading volumes up 5% MoM in October 2023 to $462B
Copenhagen based Retail FX and CFDs broker Saxo Bank continued its fairly strong second-half-of-2023 during October, with client trading volumes climbing by 5% month-over-month from September’s $438.3 billion, to $462.0 billion.
October marked Saxo Bank’s second best month of 2023 year-to-date (March volumes at Saxo were $482.1 billion).
Saxo Bank saw trading volume increases during October 2023 in all of its major product categories, including:
- FX trading up 6% MoM to $112.5 billion.
- Equities up 3% to $297.5 billion.
- Commodities up 16% to $42.4 billion.
- Fixed income trading up 52% to $9.7 billion.
Saxo Bank is controlled by China’s Geely Group.