Francesc Riverola,
Currency trading down by nearly a quarter: report
Dollar remains most popular for foreign-exchange investing
By Steve Goldstein, MarketWatch
LONDON (MarketWatch) — Currency trading volumes have slumped by nearly a quarter from record levels, according to a report published Tuesday.
International Financial Services London, in an analysis of spot trading, forwards and currency swaps, said average daily trading fell to $2.86 trillion in April from $3.71 trillion in the same month last year, down about 23%.
Including non-traditional derivatives and products traded on exchanges, volumes fell to $3.1 trillion from $4.08 trillion, down 24%.
The broad-based decline cut across all currency pairs, instrument types and geographic regions, researchers said.
Moreover, weaker global trade due to the economic slowdown, declining hedge-fund activity, and de-leveraging all contributed to the trading decline.
Full Story
View The Full Foreign Exchange 2009 Report here:
Foreign Exchange 2009 Report
By International Financial Services London
Date : 01/09/2009
The UK accounted for 36% of global trading in foreign exchange in April 2009 according to the new edition of IFSL’s Foreign Exchange report. London accounted for the bulk of the UK’s daily turnover averaging $1,269bn in April 2009. Its strong international position stemmed from trading generated by prime brokerage, investment banking and hedge funds, three areas of activity that are important to London’s position as a global financial centre. Other large centres include, the US 13.9% and Japan 6.7%.
Full Report
Are their plans that Sunil will resume his blog?
How are the inscriptions for the ITC going.
I’ll not be there this year as the period does not fit in my professional schedule. Maybe next year.
Peter
Hi Peter
At this time I do not know if Sunil will be able to resume his blog as he is traveling quite a lot.
About the ITC, so far inscriptions are going well and we expect to pick up now in September as the event approaches.
Thanks for asking
Francesc