Saxo Bank, the Danish retail Forex broker and bank, earlier today revealed a set of strong operating metrics for the first month of 2015, with average daily volumes rising on an annual and monthly basis.
The average daily volumes (ADV) reached $14.4 billion in the first month of 2015, marking a rise of 15.2% against the result of $12.5 billion recorded in December 2014. The reading for January 2015 was ahead by 4.35% from the result seen in January 2014, so we can see that the broker has managed to benefit from increased volatility on the markets during this really dynamic month.
Overall volumes for the month also held up well, amounting to a total of $302 billion in January 2015. The result is 15% higher than in December 2014 and marginally (0.33%) lower than in January 2013.
On the downside, client deposits fell from $11.1 billion in December 2014 to $10.47 billion in the first month of 2015, with the result likely reflecting the losses suffered by clients of the company on “Black Thursday”.
You can see the detailed metrics on the dedicated transparency page on Saxo’s website.