Fall Will See More Volatility Not Less

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"It is going to get more complicated as we get into the Autumn. It has been a difficult August but no we come into the final quarter of the year, in a year when a lot of traders arent making any money when institutions are finding their balance sheets are increasingly constrained and that usually means more volatility not less," Phillippa Malmgren, president & founder at Canonbury Group and Principalis Asset Management told CNBC. "I think it's going to be a tricky period," she added.

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