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Saxo Bank sees surge in FX, stocks trading volumes in September
As many currency markets saw a relatively active period in September, Copenhagen-based Saxo Bank has reported its monthly metrics, which showed a moderate rebound month-over-month. The latest figures saw a sizable consolidation in key volume segments, failing to overtake a number of recent highs seen earlier this year. The Danish multi-asset brokerage saw its FX average daily volumes rise to $5.1 billion, which was up 4.1 percent month-over-month from a month earlier. Saxo Bank’s clients traded worth $4.9 billion daily in August, the lowest figure in twelve months and was also down nine percent month-over-month ... (full story)