Copenhagen based Retail FX and CFDs broker Saxo Bank reported its best month in over four years trading volume-wise in April 2024, led by record levels of client trading activity in both Equities and Commodities.
Total multi-asset volumes at Saxo Bank were up 28% MoM to $482.7 billion in April – as noted above Saxo’s best result since March 2020 ($496.9 billion). Leading the charge was Equities trading, at $303.7 billion up 27% from the previous month and representing 63% of total trading activity at Saxo during April. Hot commodity markets also led to record Commodities trading volumes of $70.7 billion, up a whopping 60% MoM.
The increased trading activity comes at a very good time for Saxo Bank, which is trying to find a buyer for the company.
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