FastMatch volumes drop amid FXCM's difficulties
Parent company puts
Foreign exchange volumes on FXCM's part-owned institutional platform, FastMatch, have nose-dived in the days since the Swiss National Bank (SNB) removed its currency floor, as traders have become wary of using it with the firm preparing to spin-off the venue.
FastMatch recorded $24.3 billion in traded volume on January 15, its best ever day, following the SNB's decision to discontinue its EUR/CHF floor and let the Swiss franc free-float against the euro. Since then, volumes have not gone above
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