Copenhagen based Retail FX and CFDs broker Saxo Bank just posted its best month for client activity since September 2020, topping $300 billion in trading volumes for the first time in five months.
Overall, trading volumes came in at $302.4 billion in February 2021 at Saxo Bank, up 7% from January, with all four asset areas – FX, Equities, Commodities, and Fixed Income – seeing an uptick in activity from January.
Actual client trading figures at Saxo Bank in February 2021 by asset type were:
- Equities $137.6 billion (+12%)
- Commodities $37.0 billion (+13%)
- Fixed Income $8.0 billion (+4%)
- FX $119.8 billion (+1%)
Saxo Bank is controlled by China’s Geely Group, which bought a majority interest in the company in 2018.