FXall reaches profitability

The firm said its achievement of positive cashflow comes two quarters ahead of plan – a result of surging volumes in the past year.

Total volumes traded on the platform in June were $223 billion – an average of $10.6 billion a day, and the portal reported a record volume day of $16 billion on an unspecified day in June.

“The growth of FXall is a direct function of its customer focus,” said Carolyn Blight, managing director of investment management at Pareto Partners, a member of FXall’s cust