Trading is down 18.9% from the first half of last year, according to statistics reported by members of the World Federation of Exchanges. All told, $26.4 trillion worth of shares changed hands, nonetheless.

Of the three regions of the world tracked by the WFE, the Americas fared best. Volume at North and South America member exchanges was down 14.3% and accounted for half the world volume, at $13.8 trillion.

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