Online brokers Avanza and Nordnet are scheduled to release their monthly reports on Wednesday, detailing net inflows and transaction volumes. On Monday, exchange operator Nasdaq Nordic released its own data, which includes figures for both digital platforms.
Avanza saw its trading turnover decline to approximately 8.81 billion euros in April, a 10.8 percent drop from 9.88 billion euros the previous month. Rival Nordnet recorded a sharper decline of approximately 17.3 percent, with volumes falling to 7.28 billion euros from 8.9 billion euros in March.
Across Nasdaq Nordic as a whole, total turnover fell by 17.5 percent during the month, while the number of executed trades decreased by approximately 18 percent.
The number of trades for Avanza totaled 4.43 million (compared to 5.25 million the previous month), while Nordnet recorded approximately 2.32 million trades (down from 2.73 million in March).
Nasdaq's statistics cover equities and various derivatives traded on Nasdaq Nordic, which encompasses the exchanges in Stockholm, Helsinki, Copenhagen, and Iceland.
Nordnet AB (publ) is a Sweden-based company that offers a digital platform for savings and investments. Nordnet's core business is savings and investments. Via nordnet's digital platform, savings and investments are offered in a number of financial products at low costs, as well as a number of selected loan products. The platform is aimed at private savers in Sweden, Norway, Denmark and Finland and is available via nordnet's Web services, app and a number of trading applications developed by partners of the Company. Nordnet also runs one of the Nordic region's social investment network, which enables Nordnet's customers to follow other investors and see their investments. The company has a total of more than half a million members on its various social channels and networks.
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