Saxo Bank releases volume information for the first time

March 17, 2011 - PRLog -- With the recent issuing of its 2010 Annual Report, Saxo Bank has, for the first time, given us a glimpse at its monthly trading volume figures. Saxo reported that its average monthly trading volume in the second half of 2010 was $232 billion (DKK 1.3 trillion), down about 17% from $278 billion (DKK 1.7 trillion) in the first half of the year.

We had earlier reported that Saxo Bank’s revenues declined by 37% from first to second half 2010. (We also had estimated Saxo Bank’s monthly volume at $309 billion, based on revenue figures, well above the actual numbers).

For more details see LeapRate’s Forex Industry News at http://www.leaprate.com/News.html.

# # #

Which Forex firm should I trade with?
LeapRate's Approved Forex Firms list ( http://www.leaprate.com/ApprovedList.html ) can help you answer that question. LeapRate is an independent research and advisory firm, covering the world of online Forex and CFD trading. Our Approved Firms list highlights Forex firms which in our view do things right – in terms of adherence to proper procedures, regulation, custody of cash, quotes to clients and risk management techniques, among others. LeapRate is followed by thousands of investors and other Forex industry participants via Twitter, email, and our website at http://www.leaprate.com.