Investors and policymakers are looking forward to a state of normalcy and predictability in the global market. But the current brutal pace of change and volatility keeps on swaying.
This is no different case with the latest published Saxo Bank trading metrics. The June 2022 monthly trading volume sank, registering a total volume of $398.8 billion. This reflects a 5.4 percent decline from the previous month’s figure.
However, the phrase rinse and repeat in terms of trading volume in Saxo Bank has a polar effect to cover it. The announced trading demand in the month tremendously rose in comparison to April demand indicating a positive effect in the sector.
This represents a 41 percent rise on a year-over-year basis.
Besides the trading demand rise in the bank, the demand for forex trading also seems to take a positive pace.
The recorded monthly volume with forex instruments was $152.5 billion, compared to $149.6 billion reported in May. This translates to a 2 percent growth from month to month.
Even though the trading volume seen in recent quarters has become uneven, June forex trading came the highest since mid-2020. Moreover, the average daily volume also hit $6.9 billion.
Exploring On Other Markets
With most global states’ equities stuck officially in a bear market, Saxo is no exception from this.
In the recently recorded metrics, the demand for equities trading in Saxo declined in June. The total trading volume with equities instruments provided by Saxo floated at $192.1.
This is intensely lower than the previous month which stood at $220.1 billion. The deepening negative yields tend to fuel unproductive investment and also generate weak capital returns.
In addition, Saxo provides trading services with fixed income instruments and commodities. After the first demand weakened by 14.7 percent, the second inclined by 45.7 percent on monthly bases.
Aside from Saxo Bank’s performance, other retail platforms are flourishing in volume. Just to mention, Exness, headquartered in Cyprus recorded $2.25 trillion as the monthly trading volume in June.
Saxo Bank is headquartered in Denmark with a wide existence in Asia-Pacific markets. The Bank expanded s APAC market strategist team by welcoming Charu Chanana to the platform.
