January 2010, news round-up
Main story:
Citi sells LavaFX to FXall
NEW YORK – 2010 started with a bang as Citi announced it was selling its electronic trading platform, LavaFX, to FXall. FXall company officials said it would integrate both platforms to form FXall Trading, to offer the best of both platforms and a combination of their respective liquidity to users. Phil Weisberg, chief executive at FXall in New York, anticipated a better mix of liquidity, coming from banks, trading firms and clients posting their own
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More on Foreign Exchange
Average reported daily UK FX turnover hits record high
Daily turnover of $2,881bn in October 2019, up 2% from previous high of $2,821bn in April
PBoC injects 1.2 trillion yuan as markets plunge
Chinese central bank eases to support economy as coronavirus spreads; Q1 GDP growth could drop to 4%
Spot volumes on platforms resumed downward trend in 2019
But an uptick was seen in FX swaps and forwards submitted for settlement
PBoC extends market closure as coronavirus spreads rapidly
Chinese central bank extends interbank markets closure and vows to maintain ample liquidity
