Saxo Financial institution consumer buying and selling volumes up 5% MoM in October 2023 to $462B

Copenhagen based mostly Retail FX and CFDs dealer Saxo Financial institution continued its pretty sturdy second-half-of-2023 throughout October, with consumer buying and selling volumes climbing by 5% month-over-month from September’s $438.3 billion, to $462.0 billion.

October marked Saxo Financial institution’s second greatest month of 2023 year-to-date (March volumes at Saxo had been $482.1 billion).

Saxo Financial institution noticed buying and selling quantity will increase throughout October 2023 in all of its main product classes, together with:

  • FX buying and selling up 6% MoM to $112.5 billion.
  • Equities up 3% to $297.5 billion.
  • Commodities up 16% to $42.4 billion.
  • Fastened earnings buying and selling up 52% to $9.7 billion.

Saxo Financial institution is managed by China’s Geely Group.