EUR/USD, Forex market, Dollar

Saxo Bank’s FX Volumes Drop During August

In August 2021, Saxo Bank experienced a dip in trading volumes. 

While the daily average was $4.4 billion and monthly volume reached $96.8billion, these figures were down from July’s respective numbers of 5.1 billion and 111 .9 million dollars, respectively.

In August 2021, Saxo Bank reported that average daily volumes related to equities dropped from $7.1 billion in July down to only $5.8 billion. Meanwhile, monthly volume for this category reached a total of 126.8$, which was lower than the previous month’s 155$.

The total volume for August was $34 billion. This is lower than July, which had a total of $35.3 billion in transactions across all markets combined. 

Despite the decline versus last month, there were increases within specific areas, including Fixed Income. The number reached 7.3 billion dollars last month.

Camilla Dahl Hansen was announced as Saxo Bank’s Chief Experience Officer in August 2021. This happened after Niels Bremer Jørgensen left his position at the company.

 

Saxo Bank’s H1 2021 Results

 

Saxo Bank, a financial services provider headquartered in Copenhagen, Denmark, has surpassed another milestone with operations worldwide. 

During the first half of 2021, Saxo bank highlighted an increase in active clients and a total number of customers to 790 000 people worldwide. It held DKK 595 billion worth of assets under management (AUM).

Saxo Bank, an online trading and investment service provider in Denmark known for its history of innovation since 1992, has grown rapidly. 

In a recent interview with the CEO, Kim Fournais, about their financial results, he shared how it took 25 years to reach $100 billion. Furthermore, it took them only 4 more years to add another $500 billion worth of clients’ assets.

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