Optimism ahead of latest BIS FX trade figures

The last survey, released in October 2001, posted a significant drop in the level of average daily turnover in foreign exchange markets, but officials on FX desks at banks are confident that this year's numbers will point to a revival in the market.

Gordon Wallace, co head of global FX trading at Deutsche Bank in London, said: "I expect volumes will have increased, as it is now easier to trade FX and it has become much more transparent. I think while transactions may not be larger, people ar