Copenhagen based Retail FX and CFDs broker Saxo Bank closed out a fairly slow 2021 with a strong December showing, with its overall client multi-asset trading volumes coming in at $361 billion – its second best month of the year.
Two thirds of Saxo’s December activity came in the form of equity trading, which was up by 49% MoM to $233 billion. The $233 billion figure was a record for Saxo in terms of equity trading, and its first time surpassing the $200B level. The robust equity activity, as clients looked to take profits in shares and share CFDs before year-end, covered up what was another weak month in Saxo’s other areas including FX trading, with client FX volumes coming in at $95.7 billion – Saxo’s lowest FX trading result in any month since 2015.
In Saxo Bank’s other product areas for December:
- Commodities $25.6 billion, -15%
- Fixed Income $6.8 billion, +0%
Saxo Bank is controlled by Chinese conglomerate Geely Group.