Top stories from 15 years of FX Week FX volume hits all-time peak
FX WEEK: FIFTEENTH ANNIVERSARY
Traditionally, with the volume comes the reward, and for many, it was also probably one of the most profitable days on record, although bankers were wary about admitting the bonanza. "It will show up in third-quarter results," said one US bank executive. One Bank of America trader in London told television reporters of booking profits of £10 million on Wednesday.
But the profits were hard earned, say those in the market, with many dealers at their desks in London until well past midnight on
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