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Electronic forex trading thrives during crisis - Greenwich Associates

Posted on May 11, 2009 at 12:45 in Forex by Francesc

Electronic forex trading thrives during crisis - Greenwich Associates
In the midst of the global financial crisis, electronic foreign exchange experienced a boom in 2008, with overall e-forex trading volume surging 37% year-on-year.
Foreign exchange markets the world over have been lifted by historic levels of volatility and by the inflow of investors seeking liquid markets and “plain vanilla” assets. But new research from Greenwich Associates shows that the growth of e-forex last year far outpaced the expansion of foreign exchange trading as a whole. In fact, the 37% growth rate in electronic trading was almost triple that of the 13% year-over-year increase in total FX trading volume. As a result, the proportion of global foreign exchange trading volume executed through electronic systems jumped to 53% in 2008 from 44% in 2007.
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Tags: Electronic Forex Trading, Foreign Exchange Growth 2008, Forex Trading, Greenwich Associates

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