Danish multi-asset broker, Saxo Bank has reported its trading volumes for the month ending July 2015, which showed deteriorating figures relative to last month, according to a Saxo Bank statement.
Saxo Bank has been unable to orchestrate a sustained uptick in monthly trading volumes as late, , which snapped a two-month downtrend.
For the month ending July 2015 however, total volume at Saxo Bank came in at just $181 billion, corresponding to a loss of -24.9% MoM from $241 billion in June 2015. Across its daily average volume however, July 2015’s figure of $7.9 billion also represents a drop of -28.2% MoM from $11.0 billion in June 2015.
Across a yearly timeframe, July 2015 trading volumes are also off by -15.8% YoY from $215 billion in July 2014. Average volumes for Saxo Bank during July 2015 did not fare much better, underscoring a loss of -19.4% YoY from $9.8 billion in July 2014.
Despite the marked weakness in trading volumes during July 2015, the lone exception was Saxo Bank’s client collateral deposits, which managed to climb to $11.45 billion, up by less than 1% MoM from $11.41 billion in June 2015. Under a broader lens, this figure is substantially higher by a factor of 17.9% YoY from just $9.71 billion in July 2014.
Saxo Bank recently made headlines by strengthening its executive personnel, . The newly created role of CXO will see Mr. Wegloop assuming the mantle of responsibility for Saxo Bank’s global user experience. The move was preceded.
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