Saxo Bank, the financial services company, has released its financial figures for April 2024.

During the period under review, foreign exchange trading volume increased by 17% to $99.3 billion.

Meanwhile, equity trading volume rose 27% to $303.7 billion on a monthly basis and 74.8% on an annualized basis.

Commodities trading volume jumped 60% to $70.7 billion from $44.1 billion in February. Meanwhile, fixed income trading fell 3% to $9 billion in March from $9.3 billion the previous month.

The firm's total monthly trading volume increased 27.8% month-over-month to $482.7 billion and 52.4% year-over-year.

In the first quarter of 2024, Saxo Bank's clients traded an average of $370.5 billion per month. This compares to $399 billion in 2023.

Recall that it is reported that Saxo Bank is considering various divestment options, ranging from an outright sale of the company to the sale of a minority stake, followed by the possibility of providing liquidity to existing shareholders. According to preliminary estimates, the sale of Saxo Bank could fetch between €1.5 billion and €2 billion.

Saxo Bank started operations in 1992 and provides its clients with multi-million dollar transactions, access to over 85 exchanges and platforms, the best bank quotes, and support in 20 languages.