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Forex Trading Volume Grows Double-Digit Rate In The Six Months Ended In April

Posted on July 29, 2010 at 17:05 in Forex by Francesc

Forex Is Back, But Different
By MICHAEL CASEY, Dow Jones

Judging by the growing turnover in their market, foreign-exchange traders have had a very busy and no doubt lucrative past three years.
As shown in regional central banks’ latest semiannual reports on currency trading, those volume gains were driven by a unique combination of crisis-related volatility and an underlying shift in the global economy.
London, the undisputed capital of foreign exchange, accounted for a third of all trading, saw a 15% half-year increase in average daily turnover to $1.75 trillion in April and a 31% gain from April 2009. Based on those Bank of England estimates and others from central banks in New York, Tokyo, Toronto and Sydney, HSBC estimates that overall global foreign exchange turnover averaged $4.1 trillion a day in April.
Forex Market Nears $4 Trillion in Daily Trade‎ -Wall Street Journal
Currency Turnover Jumped in April, Central Banks Say - Bloomberg

Tags: Forex Volume

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