Leaprate reports that Saxo Bank, after seeing some of it’s best trading volumes in two months, is showing that October’s trading volumes came in at only $218 billion, a 18% month-on-month fall from September’s whopping $266 billion.
Client deposits also fell, down to a mere $13.01 billion in October.
However, this is pretty much inline with what is being seen elsewhere in the retail FX sector. Gain Capital (Forex.com) also saw it’s lowest volumes in three years this October, and other brokers have reported falls of around 4%. As expected, we might see a slight up-tick as we head into November, thanks to some post-election volatility in the US markets thanks to Mr. Trump; some institutional brokers (Hotspot FX, FastMatch) had their best days trading ever following his election victory.
