Saxo Bank August 2022 trading volumes slow another 3%, to $311.8 billion
Copenhagen based Retail FX and CFDs broker Saxo Bank has reported its client trading metrics for August 2022, indicating that the company saw another decrease in activity and had its slowest month volume-wise since November 2021.
Overall, Saxo Bank multi asset trading volumes came in at $311.8 billion, down 3% from July’s $322.0 billion. Three of Saxo’s four product categories reported declines of between 1%-10% MoM in activity, with Fixed Income trading rising by 10%.
In summary for August:
- FX trading volumes $109.8 billion, -5% MoM.
- Equities $164.4 billion, -1%.
- Commodities $29.1 billion, -10%.
- Fixed Income $8.5 billion, +10%.
Despite the August decline – which seems to be tied to an overall seasonal summer slowdown in FX trading – so far in 2022 Saxo Bank is averaging $389 billion in monthly trading volumes, up nicely (by 26%) from $308 billion in 2021.
Saxo Bank is controlled by Chinese conglomerate Geely Group.