FIVE YEARS AGO IN FX WEEK

FIVE YEARS AGO IN FX WEEK

FX Week, September 28, 1992

Daily FX Market Turnover Nears $1 Trillion

London remains the largest centre for FX trading, and has increased its marketshare over other centres, according to figures from the recently released triennial survey of the markets conducted by major world central banks in April. Overall, forex market volume grew from some $650 billion per day to an estimated $1 trillion per day, central bank officials say.

Liquidity Dries Up on Black Wednesday

Despite the enormous volumes