Saxo Bank sees trading volumes soar 34% in March 2023 to $482 billion

Saxo Bank sees trading volumes soar 34% in March 2023 to $482 billion

Copenhagen based Retail FX and CFDs broker Saxo Bank just had its best month in more than three years, reporting $482.1 billion in client trading volumes for March 2023.

That marks Saxo Bank’s best monthly result since March 2020, when financial market volatility at the outbreak of the COVID-19 pandemic led to $496.9 billion in volumes for Saxo in March 2020. The $482.1 billion level is also a 34% MoM increase over Saxo’s February volumes of $359.7 billion.

Saxo Bank saw trading volume increases in all of its product categories last month:

  • Core FX trading up 40% to $155.6 billion.
  • Equities trading up 25% to $259.9 billion.
  • Commodities trading up 34% to $44.2 billion.
  • Fixed income trading up 180% to $22.4 billion.

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