Saxo Bank July FX volumes slide 5.7% MoM – second lowest activity since 2012

Monthly volume is down at Saxo Bank for July to $215bn from $228bn in June, a 5.7% drop.  Average daily volume also fell to $9.8bn per day, from $10.8bn in June. This has been the second weakest month in terms of volume this year for many brokerages and exchanges across the FX industry, besides April’s below par figures. On a brighter note,  Clients’ collateral deposits for trading continue to climb and did reach a high of $9.71bn.

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