Saxo Bank FX Volume Continues to Fall in June While ADV Recovers

Copenhagen-based online trading platform Saxo Bank saw trading volumes continue to fall in June, coming in at $371.6 billion, down 4% from $388.1 billion in May.

Saxo Bank's FX trading volume hit a new low in June at $78.1 billion, down approximately 1.9% from $79.6 billion in the previous month. Despite the decline, the average daily volume (ADV) for FX) recovered in the month, rising to $3.9 billion from $3.5 billion in May.

Compared to the same period last year, FX volume for the month was down 34.6% and FX ADV was down nearly 2.8%.

In June, Saxo’s equities volume reached $242.4 billion compared to $241.5 billion in the previous month, and commodities volume declined 26.2% to $41.9 billion, while fixed income volume fell 10.6% to $9.2 billion.

Saxo Bank's average monthly trading volume for the first half of 2024 was $392 billion, down 2% from $399 billion in 2023.