Average daily volume (ADV), in forex instruments, was $5.5 billion. Although the figure was up 5.8% monthly, it was 1.8% lower than last year.
According to the brokerage, Equities demand also declined. Volume in February was $208billion, a 5.3% decrease compared to January. Annually, the asset class declined 17.4%.
Fixed income instruments brought in $8 Million, an increase of 1.3% over the previous month. At $32.9 million, the demand for commodities increased 0.3% monthly.
Last week, the investment and trading site online released its annual financial reports for 2022. They reported a 5.8% decline in profits to DKK711 million, but a 7.7% rise in clients.
The post Saxo Bank’s FX volume falls 4% MoM in February appeared first on LeapRate.
