October sees foreign exchange trading volumes soar
Trading volumes in foreign exchange spot and exchange-traded products continued to rise on the major platforms in October, while volumes closed in between spot FX interdealers.
Average daily volume on Icap's EBS Spot platform reached $137.6 billion, up from $128.6 billion in September and $122.3 billion in August. In October 2008, average daily volume was $243.8 billion. Strong trading volumes in the Russian ruble, Hong Kong dollar and Australian dollar helped push up last month's figures, said
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