Saxo Bank has published the trading metrics on its platforms for January, reporting a decline in total monthly trading volume. The overall trading volume came in at $375.6 billion, a dip of 9.6 percent from the previous month. The figure went down by about 14.3 percent when compared year-over-year.
In January, Saxo’s monthly volume for forex
Forex
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi
Read this Term instruments declined by 5 percent from the previous month to $115.2 billion. However, the latest reported FX volumes strengthened by over 6 percent compared with the first month of the previous year.
The daily average with FX instruments on the platform came in at $5.2 billion in January, down from $5.5 million in December.
The demand for equities
Equities
Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa
Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa
Read this Term instruments also showed a similar trend, with a total monthly volume of $219.7 billion, a month-over-month decline of over 14 percent. The figure also declined annually by about 25 percent, while the daily average volume came in at $10 billion.
Saxo also offers commodities and fixed-income instruments, and the monthly volume of the two asset classes came in at $32.8 billion and $7.9 billion, respectively. While commodities demand dropped marginally from the previous month’s $30.8 billion, demand for fixed-income instruments remained flat.
A Failled Public-Listing Attempt
Saxo Bank is headquartered in Denmark and was originally founded as a brokerage firm in 1992. The company mulled becoming public last year and also inked a deal with a blank-check company. However, that deal was mutually terminated with “timing” in question.
The company is still keeping the possibilities for a public offering open. CEO Kim Fournais said in an interview that the company did not scrape its public-listing ambition yet and could launch an initial public offering (IPO) as early as this year.
Meanwhile, the Saxo group’s revenue for the first half of 2022 declined by 12 percent to DKK 2.14 billion. Its net profit for the year-half tanked at more than 41 percent to DKK 302 million due to “difficult market conditions.”
Saxo Bank has published the trading metrics on its platforms for January, reporting a decline in total monthly trading volume. The overall trading volume came in at $375.6 billion, a dip of 9.6 percent from the previous month. The figure went down by about 14.3 percent when compared year-over-year.
In January, Saxo’s monthly volume for forex
Forex
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi
Read this Term instruments declined by 5 percent from the previous month to $115.2 billion. However, the latest reported FX volumes strengthened by over 6 percent compared with the first month of the previous year.
The daily average with FX instruments on the platform came in at $5.2 billion in January, down from $5.5 million in December.
The demand for equities
Equities
Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa
Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa
Read this Term instruments also showed a similar trend, with a total monthly volume of $219.7 billion, a month-over-month decline of over 14 percent. The figure also declined annually by about 25 percent, while the daily average volume came in at $10 billion.
Saxo also offers commodities and fixed-income instruments, and the monthly volume of the two asset classes came in at $32.8 billion and $7.9 billion, respectively. While commodities demand dropped marginally from the previous month’s $30.8 billion, demand for fixed-income instruments remained flat.
A Failled Public-Listing Attempt
Saxo Bank is headquartered in Denmark and was originally founded as a brokerage firm in 1992. The company mulled becoming public last year and also inked a deal with a blank-check company. However, that deal was mutually terminated with “timing” in question.
The company is still keeping the possibilities for a public offering open. CEO Kim Fournais said in an interview that the company did not scrape its public-listing ambition yet and could launch an initial public offering (IPO) as early as this year.
Meanwhile, the Saxo group’s revenue for the first half of 2022 declined by 12 percent to DKK 2.14 billion. Its net profit for the year-half tanked at more than 41 percent to DKK 302 million due to “difficult market conditions.”
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