Saxo Bank Posts 42% MoM Jump in March FX Volume

By Arnab Shome8 days ago

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Saxo Bank, a Danish brokerage firm, has published its trading statistics for the month of March, showing a significant jump in forex and equities demand. The total monthly volume jumped over 30 percent to $393.4 billion from the previous months $302.4 billion.

The brokerage, which is known for offering leveraged forex trading services, reported a total FX trading volume of $170.5 billion for March. It witnessed a month-on-month jump of more than 42 percent in this asset class as the FX volume for February remained $119.8 billion.

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