Saxo Bank sees 23% pickup in May volumes to $421B
Following a fairly slow April, Copenhagen based Retail FX and CFDs broker Saxo Bank got back on track during May with its much-improved year of 2022, reporting total multi-asset trading volumes of $421.6 billion.
All of Saxo’s product trading categories saw an increase in client trading activity during May, led by a 30%+ rise in Equity trading.
In summary for May:
- FX trading volumes $149.2 billion, +18% MoM.
- Equities $220.1 billion, +30%.
- Commodities $41.2 billion, +7%.
- Fixed Income $10.7 billion, +24%.
So far in 2022 Saxo Bank is averaging $416 billion in monthly trading volumes, up nicely (by 35%) from $308 billion in 2021.
Saxo Bank is controlled by Chinese conglomerate Geely Group.