Saxo Bank Sees 9% MoM Rise in Trading Volumes in July 2021
Fazzaco learned that Saxo Bank, one of the largest online investment banks in Europe, has posted its client trading volumes for the month of July, showing a healthy increase in trading activity across most asset groups.
Saxo's total trading volumes came in at $309.5 billion in July, which is up 9 percent compared to the previous month. Trading volumes of its equities business stood at $155.4 billion, which is up 22.7 percent MoM. Core FX trading volumes were at $111.9 billion, up 5 percent MoM.
The $309.5 billion figure for July was second only this year to March's surprise $393.4 billion result, and was just the second time this year that Saxo Bank multi asset volumes topped $300 billion.
Fazzaco recently reported that Saxo Bank has partnered with Thoughtworks, a global technology consultancy that integrates strategy, design and engineering to drive digital innovation.
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