Saxo Bank to Increase Transparency on Value Dates of Trade

Saxo Bank, Danish online trading and investing firm, plans to improve the transparency on value dates of trade.

Currently, returns on Saxo Bank's stocks, bonds, mutual funds and structured products are only released in the "Transactions not booked" in the platform on the day of the trade. The bank plans to continue to show the proceeds in the segment until the value-date of the trade, in an effort to improve transparency on that day. The same changes will be made for sell trades. It is reported that this change will take effect in June.

The change will not affect the capacity of trading. Instead, it will improve cash check for withdrawals to prevent premature withdrawal of unsettled earns.

Saxo Bank will also launch an Unsettled Amounts platform module in SaxoTraderPRO to publish all settlement data, including settlement amount and settlement date, on or after the current day.

Saxo Bank's Financial Metrics Brief in 2022

According to the financial report released by Saxo Bank, the total FX trading volume of the bank rised continuously from January to March this year, and then fell back in April. In March, the total FX trading volume came in at $152.2 billion, an increase of 40.5% compared to January's $108.3 billion. However, its FX trading volume in April fell 17% from March to $126.2 billion, but was still higher than January's figure.

The commodities and fixed income markets saw an increase in demand, bringing a total of $38.6 billion and $8.6 billion in April, compared to January's $30.2 billion and $7.8 billion. While the volume of equities market was $169.1 million, decreased by 42% compared with January.