Saxo Bank has strong November with client trading volumes up 6% to $458B
Copenhagen based Retail FX and CFDs broker Saxo Bank had its third strong month in a row with client trading volumes topping $400 billion, reporting November 2022 activity coming in at $458.4 billion – up 6% MoM from October’s $432.2 billion.
Leading the way at Saxo was an 8% MoM rise in core FX trading volumes, and a 9% increase in Equities trading – which has consistently become Saxo’s leading product category, accounting most months for more than half of total trading.
With eleven months now in the books for 2022, Saxo Bank average monthly volumes of $404 billion in 2022 year-to-date are up by 31% from 2021’s average of $308 billion.
In summary for November 2022:
- FX trading volumes $138.0 billion, +8% MoM.
- Equities $278.9 billion, +9%.
- Commodities $32.1 billion, -12%.
- Fixed Income $9.4 billion, -17%.
Saxo Bank recently announced plans to go public on the Euronext Amsterdam exchange, via a SPAC merger. The company is controlled by Chinese conglomerate Geely Group.