SAXO’s Upbeat FX Volumes Underpin Its December Volumes

<img width="250" height="151" src="https://www.leaprate.com/wp-content/uploads/2023/01/Saxo-UK-James-Donovan-250×151.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2023/01/Saxo-UK-James-Donovan-250×151.jpg 250w, https://www.leaprate.com/wp-content/uploads/2023/01/Saxo-UK-James-Donovan-700×422.jpg 700w, https://www.leaprate.com/wp-content/uploads/2023/01/Saxo-UK-James-Donovan-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2023/01/Saxo-UK-James-Donovan-120×72.jpg 120w, https://www.leaprate.com/wp-content/uploads/2023/01/Saxo-UK-James-Donovan-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2023/01/Saxo-UK-James-Donovan-500×301.jpg 500w, https://www.leaprate.com/wp-content/uploads/2023/01/Saxo-UK-James-Donovan.jpg 880w" sizes="(max-width: 250px) 100vw, 250px" /><p>The surge in forex trading slightly elevated Saxo&#8217;s total monthly trading volume to $369.5 billion, a 1.8% increase. However, this decreased by 11.1% compared to December of the previous year.</p>
<p>Saxo Bank, headquartered in Denmark, provides various trading services, including equities, commodities, and fixed income. Despite the uptick in forex, trading volumes across these other asset classes saw a downturn.</p>
<p>In December, equity trading at Saxo, typically its most traded asset class, experienced a monthly drop of 2.4% to $192.8 billion and a year-over-year decrease of over 22%. Yet, the latest average daily volume for equities showed a modest increase from $9 billion to $9.2 billion.</p>
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<p>Commodities trading decreased to $31.6 billion from $35.4 billion the previous month, and fixed-income trading fell to $10.3 billion from $10.6 billion.</p>
<p>While Saxo has an extensive global operation and offers cryptocurrency contracts for differences in select Asia-Pacific markets, specific data on these are only sometimes published.</p>
<p>For the first half of 2023, Saxo Bank reported an operating profit of DKK 520 million, a 34% increase from previous figures.</p>
<p>The post <a rel="nofollow" href="https://www.leaprate.com/forex/saxos-fx-volumes-underpin-its-upbeat-december-volumes/">SAXO’s Upbeat FX Volumes Underpin Its December Volumes</a> appeared first on <a rel="nofollow" href="https://www.leaprate.com">LeapRate</a>.</p>