FX volumes ‘up one fifth’ in past year
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The study shows an increase in proprietary trading by banks, highly active real-money investors seeking alpha, and leveraged money managers trading FX as an asset class.
The three client segments made up a quarter of all FX volumes this year, up from 15% in the same period last year. Together they account for a real notional volume of $500 billion a day, the study found.
Justyn Trenner, chief executive at ClientKnowledge in London, said as the three client segments grow in importance, banks must
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