Saxo Bank sees September 2023 trading volumes down 3% to $438B
Following a very active August, client trading volumes at Copenhagen based Retail FX and CFDs broker Saxo Bank cooled off somewhat in September 2023.
Total multi-asset trading volumes at Saxo Bank came in at $438.3 billion in September 2023, down by 3% from August’s $453.7 billion. While Saxo Bank did see an across-the-board decrease in activity in all of its traded asset classes (see details below), September was still Saxo’s third best month of 2023 year-to-date.
Client trading volumes at Saxo Bank in September 2023 were as follows:
- FX trading down 6% MoM to $106.1 billion.
- Equities down 2% to $289.1 billion.
- Commodities down 3% to $36.7 billion.
- Fixed income trading down 18% to $6.4 billion.
Saxo Bank is controlled by China’s Geely Group.