London FX Officials Surprised, Heartened By 1992 Central Bank Forex Survey Results

BANKS

Forex market officials in London expressed surprise and satisfaction at the magnitude of the city's lead over other centers shown in the survey of foreign exchange market turnover released September 24--one week later than originally planned, say central bank sources. The survey, done by 26 central banks in April at the request of the Bank for International Settlements (BIS), covered spot, forward and options turnover in a range of currencies and durations. But central bank sources say the a