Saxo Bank Sees Trading Volumes Go up 28% MoM in May

Saxo Bank, the online trading and investment specialist, has registered an overall jump in trading volumes across all assets in May 2023. The total trading volume on the platform for the month reacehd $407 billion, an increase of 28 percent compared to $319 billion in April​.

Specifically, equities trading volume in May surged 31 percent on a monthly bais to $228.2 billion. Trading in FX products came in at $130.5 billion, 27 percent higher over the prior month.

Besides, fixed income trading increased 12 percent month-over-month to $7.6 billion, with commodities trading up 19 percent to $40.7 billion.