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Saxo Bank, a major player in the online trading space, released its trading volumes for July of 2018 this Monday. The broker saw a fairly steep month-on-month decline in its foreign exchange (FX) trading volumes last month.
This was likely a result ofthe decrease in volatility across markets. The first quarter of this year saw a significant increase in volatility, driving up trading volumes. That volatility has tapered off as the year has progressed and firms are now returning to more ‘regular’ trading volumes.
Saxo Bank’s performance in July was indicative of this state of affairs. The ... (read more)