Exchanges poised for further volume growth in FX
After a year in which publicly reported FX trading volumes gave little in the way of good news, falling year-on-year virtually across the board, the market appears to have turned a small corner in January, at least according to the latest round of platform figures.
Interdealer broker Icap yesterday reported that EBS, whose volumes had been badly hit by low volatility in its core currency pairs, traded a much healthier average daily spot volume of $141.3 billion in January, up 22% year-on-year
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