Saxo Bank is a widely known Danish investment bank founded and headquartered in Copenhagen that specialises in online trading and investment.
Saxo bank reported its weakest FX volume in 6 months in July. The multi-asset brokerage saw average daily volumes in FX fall o $4.5 billion during the month, down 20% from June’s $6.9 billion. However, year-over-year it increased 7.8%.
When it comes to total monthly FX volume in July, Saxo Bank saw a 24% fall from June, coming in at $116 billion. Even so, the figure increased by 3% year-over-year compared to the $112 billion reported during the same period in 2021. Saxo Bank’s equities business also declined month-on-month, coming in at $7.9 billion in July, down 10% from June’s $8.7 billion.
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