Saxo Bank Reports Decline in Client Trading Volumes for June 2024

Copenhagen-based Saxo Bank has reported a 4% decrease in client trading volumes for June 2024, amounting to $371.6 billion. This decline follows a significant 20% drop in May, according to Fazzaco's report last month​, continuing a trend that has seen core FX trading volumes reach multi-year lows at $78.1 billion. Despite equity trading remaining steady at $242 billion, commodities and fixed income trading experienced notable declines of 26% and 11%, respectively.

The first half of 2024 saw Saxo Bank's average monthly trading volumes decrease to $392 billion, down 2% from the comparable period in 2023, highlighting ongoing challenges in global financial markets. Factors contributing to these declines include market volatility, regulatory changes, and shifting investor sentiment, impacting trading activities across asset classes.