Financial services provider Saxo Bank has released a report on client trading activity for March.

During the reporting period, currency trading volumes fell 7.9% to $85.1 billion, the lowest level since 2016.

Meanwhile, equity trading volume increased 10% month-on-month to $377.7 billion in March, but was down about 8% year-on-year.

Commodities trading volume rose 13% to $44.1 billion, up from $39 billion in February. Meanwhile, fixed income trading volume decreased 2% to $9.3 billion in March from $9.5 billion in the previous month.

In the first quarter of 2024, Saxo Bank's client volume averaged $370.5 billion per month. This compares to $399 billion in 2023.

It is worth noting that S&P Global Ratings previously upgraded Saxo Bank's long-term credit rating from 'BBB' to 'A-'. This rating underscores the company's ability to provide its clients and partners with a safe and reliable trading and investment platform.

Founded in 1992, Saxo Bank provides its clients with access to more than 85 trading exchanges and platforms, the best bank quotes, and support in 20 languages.