Saxo Bank Experiences Overall Decrease in Trading for September 2023

Saxo Bank, the Copenhagen based online trading and investment specialist, has disclosed its client trading volumes for the month of September 2023, indicating an across-the-board decrease in activity.

Total multi-asset trading volumes on the platform in September stood at $438.3 billion, a decline of 3 percent from $453.7 billion in August 2023​.

Specifically, FX trading for the month dipped 6 percent to $106.1 billion, compared to that of the prior month. Equities trading was $289.1 billion, down 2 percent on a monthly basis. Commodities and fixed income trading dropped 3 percent and 18 percent, respectively, to $36.7 billion and $6.4 billion.

Whereas, September remained Saxo's third best month of 2023 year-to-date.