Saxo Bank trading volumes drop 26% in April 2022 to $343 billion
Matching a trading volume slowdown we saw in the institutional FX sector, Retail FX and CFDs broker Saxo Bank has reported its April 2022 metrics indicating a sharp drop in client activity.
Overall, client trading volumes decreased by 26% MoM at the Copenhagen based online broker, from $460.4 billion in March to $342.6 billion in April – representing Saxo Bank’s slowest month so far this year. However trading seems to continue to be much-improved at Saxo as compared to 2021, when the company averaged $308 billion in monthly multi-asset trading volume.
Saxo Bank saw a decrease in all of its traded product categories during April, led by a 43% decline in Commodities trading volumes.
In summary for April:
- FX trading volumes $126.2 billion, -17% MoM.
- Equities $169.1 billion, -27%.
- Commodities $38.6 billion, -42.9%.
- Fixed Income $8.6 billion, -2%.
Saxo Bank is controlled by Chinese conglomerate Geely Group.