Global FX trading up 71%

The 71% volume increase since the last survey in 2004 takes average daily turnover to $3.2 trillion, based on figures collected by central banks in April this year. The survey found a significant increase in the participation by investor groups such as hedge funds in driving up volumes, which was supported by substantial growth in the use of prime brokerage, and retail investors.

The latest report also confirmed a marked increase in algorithmic trading as a factor towards greater turnover in