Saxo Bank, a Denmark-based FX and CFD trading firm, has just published its volumes for July 2022. The company saw monthly volumes of $322 billion in July 2022, compared to $398.8 billion in June 2022.
While the total volume fell significantly compared to the same month last year, it was up slightly compared to the previous year’s period. In July 2021, Saxo recorded a monthly volume of $309.5 billion.
Trading volume on Saxo Bank’s equities and foreign exchange products decreased in July 2022 compared to June 2022. In the previous month, volumes regarding equities were $166.2 billion instead of $192.1 billion in June 2022.
Saxo Bank’s monthly FX volumes were $115.9 billion in July 2022, compared to $152.5 billion in June 2022. The typical daily FX volume was $15.3 billion during the most recent month.
On the other hand, trading volumes in commodities and fixed-income markets decreased in July 2022.
In the first half of 2022, Saxo Bank saw good growth in trading activity across various products. Compared to May 2022, FX demand increased at Saxo Bank in June. Saxo Bank’s monthly volumes have remained above $400 billion since January. The company’s daily average volume has been above $20 billion from January to March 2022.
Since the company’s inception, Saxo Bank has grown significantly in personnel and operations. Gyula Szathmary was named Global Head of Digital Experience Platforms and CMS Strategy at Saxo Bank in June this year.