London still number one for forex
BIS SURVEY
LONDON -- The UK maintained its overwhelming dominance in the global forex market in 2001, the Bank for International Settlements' (BIS) latest survey reveals.
The UK turned over an average of $504 billion in FX per day in April 2001 -- 31.1% of the global market.
Although that figure is down from 1998's high of $637 billion, the reduction in global turnover in FX means the UK's share of the global market has only decreased by one percentage point in three years.
And market participants told FX
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