Copenhagen based Retail FX and CFDs broker Saxo Bank has reported its client trading metrics for July 2022, indicating that the company had its slowest month volume-wise since November 2021.
Overall, Saxo Bank multi asset trading volumes came in at $322 billion, down 19% from June’s $399 billion, with all four of its product categories seeing double digit percent MoM declines in activity.
In summary for July:
- FX trading volumes $115.9 billion, -24% MoM.
- Equities $166.2 billion, -13%.
- Commodities $32.3 billion, -17%.
- Fixed Income $7.7 billion, -51%.
Despite the July decline – which seems to be a seasonal summer slowdown in trading – so far in 2022 Saxo Bank is averaging just over $400 billion in monthly trading volumes, up nicely (by 30%) from $308 billion in 2021.
Saxo Bank is controlled by Chinese conglomerate Geely Group.