Danish multi-asset brokerage, Saxo Bank has reported an increase in trading activities in December 2023. The bank’s clients traded an average daily volume (ADV) of $6.4 billion, marking an 18% rise from the $5.4 billion in the previous month and a year-over-year increase from $5.5 billion in December 2022. The total monthly FX volume for December 2023 stood at $135 billion, a 13.4% increase from $119 billion in November, and an 11% increase compared to $121 billion in December 2022. However, Saxo Bank’s stocks and commodities business remained relatively flat, yielding ADVs of $9.2 billion and $1.5 billion, ... (full story)