Thomson Reuters emerges on top

Jas Singh, global head of treasury, sales and trading in London, said the depth of the vendor's offering was all important in serving clients during these "extraordinary" times.

Singh pinpointed EUR/PLN, USD/MXN, USD/SGD, EUR/RON and USD/ZAR as examples that recorded record volumes in 2008, and showed at least a 10% increase on previous records, although no figures were provided.

"We've seen an extraordinary year but whether next year will see the same level of volumes is debatable. I'd expect

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