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Saxo Bank’s daily Forex volumes drop 37.5% MoM in Feb’15
Saxo Bank, the Danish company that combines the roles of a retail Forex broker and a bank, earlier today posted its operating metrics for February 2015, with results lagging behind the robust performance seen in the start of the new year. Average daily Forex volumes at Saxo amounted to USD 9 billion in February 2015, which marks a decline of 37.5% against the result of USD 14.4 billion recorded in January 2015. We have to note that January was a very solid month for Saxo in terms of trading activity, witnessing a 15% month-on-month rise in trading volumes against December 2014. So it is normal to see the monthly ... (full story)