Online brokers Avanza and Nordnet increased their trading volumes in October compared with September, according to statistics from Nasdaq Nordic.
Avanza’s trading volume rose by 3.4 percent to approximately EUR 8.05 billion, from EUR 7.78 billion in September. Nordnet’s trading increased by 18.3 percent to EUR 7.79 billion, from EUR 6.58 billion.
The number of trades at Avanza increased to 4.19 million from 3.95 million, while Nordnet’s trades rose to 2.47 million from 2.10 million.
Total trading turnover on Nasdaq Nordic increased by 4.9 percent to EUR 174.77 billion, and the number of trades rose by 12.1 percent to 34.35 million.
Nasdaq’s statistics cover trading in shares and various derivatives on Nasdaq Nordic, which comprises the exchanges in Stockholm, Helsinki, Copenhagen and Iceland.
On Wednesday, Avanza and Nordnet will publish their monthly reports, including net capital inflows and the number of transactions.
