Saxo Bank sees 43% rise in September trading led by soaring FX and Equities trading
Copenhagen based Retail FX and CFDs broker Saxo Bank saw a huge pickup in client trading activity in September 2022 following what was a slow summer at Saxo.
Mirroring what was happening in the institutional FX trading arena thanks to heightened financial market volatility – especially among major FX pairs – Saxo Bank reported a 43% MoM increase in overall trading volumes during September 2022 at $444 billion, versus August’s $312 billion.
All four of Saxo’s product categories reported volume increases of at least 23% during the month.
In summary for September 2022:
- FX trading volumes $146.7 billion, +34% MoM.
- Equities $247.8 billion, +51%.
- Commodities $39.5 billion, 36%.
- Fixed Income $10.5 billion, +24%.
Saxo Bank announced plans during the month to go public on the Euronext Amsterdam exchange, via a SPAC merger. The company is controlled by Chinese conglomerate Geely Group.