Saxo Bank has today released its volume figures for June, a month which bore fruit for the company, with average daily volumes (ADV) having increased to $8.4 billion compared to $7.9 billion in May.
On a monthly basis, the trading volume has increased to $175 billion during June, compared to $174 billion in May.
Collateral deposits for trading increased to $6.75 billion from $6.50 billion in May, representing the highest amount this year, but more interestingly surpassing the clients’ collateral deposits for trading held by the firm during 2013, which was a year of extremely high trading volumes across the entire FX industry.
With June 2014’s figures, Saxo Bank has revised its volume figures downward by a considerable amount from earlier this year. For example, the company had previously reported April at $213 billion and had reported March’s volumes at $239 billion, but has adjusted these figures to show $160 billion and $180 billion respectively. Similarly, January volumes were initially published at $303 billion, whereas they are now $236 billion.
LeapRate is in contact with Saxo Bank and will provide an update when this is available.
