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Major ECNs in the foreign exchange trading industry have marked some declines in month-on-month figures. While the first full summer month has been much slower than the explosive June, when the Brexit vote triggered some unprecedented GBP moves, the numbers for July are quite solid considering the seasonality of the markets.
Pockets of volatility have impacted trading volumes on certain days with the most notable spikes related to the ECBs and the Bank of Japan’s rates decisions and to the disappointing GDP growth figures in the US which were announced on the final trading day of the month.
Just like Finance Magnates predicted ... (read more)