Saxo Bank begins 2022 strong with $438B in January client volumes
Copenhagen based Retail FX and CFDs broker Saxo Bank began 2022 on the right foot, posting its best monthly trading volumes since March 2020.
January 2022 client trading volumes totaled $438 billion at Saxo Bank, up 21% from December and topping its best month of 2021 (March) by 11%. Saxo By way of comparison Bank averaged $308 billion in monthly volumes in 2021, and didn’t surpass $400 billion in any one month last year.
Led by record equities trading volumes, Saxo Bank saw a nice increase in trading activity across all asset classes in January:
- FX trading volumes $108.3 billion, +13% MoM.
- Equities $291.7 billion, +25% – a record for Equity trading volumes at Saxo.
- Commodities $30.2 billion, +18%.
- Fixed Income $7.8 billion, +15%.
Saxo Bank is controlled by Chinese conglomerate Geely Group.