Emerging markets boost returns for ODL
Between 1,400 and 1,600 new retail forex accounts are being opened a month. Graham Wellesley, chief executive of the firm in London, said around 40,000 to 60,000 tickets are processed a day.
“While retail growth is occurring across the board, uptake is rising more prominently within emerging markets such as the Middle East and South-east Asia,” said Alex Mackinnon, global head of FX in London.
Wellesley attributes this growth to volatile FX and gold markets in the first half of 2008. “As a vast
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