Francesc Riverola,
Hi everyone
The day before yesterday I published here a news from Business Week talking about the decrease in Global currency trading volume in 2009 after setting records in 2007 and 2008 during unprecedented volatility.
Greenwich Associates reported that global FX volume declined by 6% in 2009, but trading by retail aggregators rose by 16%, pushing their share of trading volume up to 12% from 11% in the previous year.
Retail Currency Trading Up, Attracting Scrutiny, Greenwich Says
By Businessweek
May 5 (Bloomberg) — Regulators are placing greater scrutiny on currency trading by individuals after so-called retail volume increased 16 percent last year, according to Greenwich Associates.
Trading on platforms such as Internet sites increased to $12 trillion in 2009, while overall foreign- exchange trading dropped 6 percent, the Stamford, Connecticut-based research firm said in a report today.
FX trading gaining popularity among retail investors around the world
By Investment Executive
Overall foreign exchange trading volumes dropped last year, but trading by retail investors is on the rise, according to a new report from Greenwich Associates.
The firm says that global FX volume declined by 6% in 2009, but trading by retail aggregators rose by 16%, pushing their share of trading volume up to 12% from 11% in the previous year.
“With the downturn in equity markets and high levels of volatility among global currencies, FX trading gained popularity among retail investors around the world during the global financial crisis,” it says, noting that the beneficiaries of this trend have been firms that provide execution services to retail traders.