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Saxo Bank has reported its monthly metrics for February 2016, which ultimately could not overtake last month’s stellar volumes and momentum, showing mixed results MoM across its foreign exchange (FX) business.
Just one month ago, Saxo Bank’s trading volumes spiked higher by 14.6% MoM during the first month of the New Year to a total of $258.0 billion. On an average daily volume basis, trading rose 31.6% to $12.9 billion, compared to just $9.8 billion in December 2015.
Fast-forwarding to February 2016 however, Saxo Bank saw its average daily volumes rise fall to $12.3 billion, down -4.7% MoM ... (read more)