Financial institutions behind FX growth

The customer base was behind the 14% rise in trading volumes among Greenwich's universe of 1,550 global top-tier FX customers. The research found global volumes reached $60 trillion in 2005, with financial firms accounting for $47 trillion. Corporates, who made up half the interviewees surveyed, accounted for $13 trillion.

Among the financial institutions customer segment, the biggest growth was seen from client banks and fund managers. However, interestingly, the research found significant