April Sees Surge in Saxo Bank’s Trading Volumes for FX, Commodities, and Crypto Coins
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Saxo Bank Witnesses Surge in FX, Commodities Trading Volumes in April 2024
- Saxo Bank, a Danish multi-asset brokerage, reports an increase in trading activities in April 2024.
- The bank’s clients traded an average daily volume (ADV) of $4.5 billion, up 9.8% from the previous month.
- Despite a year-over-year decrease, the commodities business segment performed stronger.
Saxo Bank reports a surge in FX and commodities trading volumes in April 2024, despite a year-over-year decrease. The bank’s commodities business segment shows stronger performance.
Trading Volumes Increase in April 2024
Saxo Bank’s clients traded an average daily volume (ADV) of $4.5 billion in April 2024. This figure represents a 9.8% increase from the previous month. However, it was down 12% year-over-year from $5.1 billion in April 2023. The total monthly FX volume for April 2024 was reported at $99.3 billion, up 7.6 percent from $92.4 billion a month ago. Despite this increase, the figure corresponds to a yearly decrease of 3 percent compared to $103 billion in 2023.
