The Danish financial services company Saxo saw an increase in all its investments last month, which helped make up for losses over the previous three months.
Saxo reports: Last month, the total trading volume was $482.1 million, a 34% increase from February’s $359.8 million and 4.7% higher than the same period last year. Forex trading volume was $155.6 billion, up 40.4% from the previous month and 2.2% from the same period in 2022.
The average daily trading volume in the forex market was $6.8 billion, up 23.6% from the previous month and 3% higher than the same time last year.
Equity trading was also on the rise with a 25% month-on-month increase to $259.9 billion, and a 12.2% increase from the same period last year.
Fixed income instruments saw a 180% increase from the previous month at $22.4 million, and commodities saw a 34.3% increase to $44.2 million.
The online trading and investment specialist reported a 0.8% drop in profits to DKK 711 million, but a 7% rise in customers for 2022.
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