Saxo Bank’s June FX Volumes Rise to Highest Level Since January 2015

[kreslik.news]

Saxo Bank, a Danish multi asset broker, has reversed its monthly downtrend, helping pare some if its recent losses en route to a stronger month during June 2016 – additionally, key metrics at Saxo Bank reached yearly highs, including its client collateral deposits, according to a Saxo Bank statement.

Saxo Bank’s 2016 volumes have been a mixed bag, which have waxed and waned throughout H1 – generally speaking the trend has been lower, after peaking at a yearly high of $12.9 billion in average daily foreign exchange (FX) turnover in January 2016. This gave way to an oscillating movement of volumes ... (read more)