Mayroong monthly recovery

Saxo Bank Sees Monthly Recovery of FX Trading Demand in JulyOverall trading demand on the broker strengthened to $309.5 billion.

Overall Demand Strengthens

Apart from forex, the equities market demand soared significantly last month: a total volume of $155.4 billion was reported for the period, climbing from the previous month‘s $126.7 billion. July became one of the best months for Saxo’s equities offering with the peak remaining at $182.6 billion achieved in March 2020.

Additionally, Equities offering matured on Saxo over the last couple of years as the market is bringing even more trading volume than forex.

However, commodities and fixed income markets saw a decline in demand, bringing a total of $35.3 billion and $6.9 billion in monthly volumes, respectively. Meanwhile, the overall monthly volumes for July strengthened to $309.5 billion with an ADV of $14.1 billion.

Earlier, Saxo Markets announced that it is going to introduce trading with cryptocurrency derivatives as well, but the services will only be available to its clients in Australia and Hong Kong.