Continuing a somewhat troubling downward trend (see chart below), Copenhagen based Retail FX broker Saxo Bank has released data indicating that client FX and multi asset trading volumes in its system decreased by 17% during July, totaling $316 billion versus $380 billion in June. Within that total FX trading volumes were down 19%, to $226 billion, Saxo’s lowest result so far this year. By contrast, Saxo Bank averaged volumes of $527 billion monthly in the first three months of 2018. In the breakdown of volumes, FX trading as noted totaled $226 billion (72% of total volumes in July at Saxo Bank), Equities $60 billion, ... (full story)