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Screenshot of a breaking news alert e-mail from Q2 2017
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.