Forex trading volume soars in 2005
SURVEY
FXJSC posted traditional UK foreign exchange average daily turnover at $789 billion in October, 31% higher than in October 2004. The North American market saw a similar increase with a figure of $440 billion, up 28%.
Foreign exchange forwards saw particularly strong activity in the UK, with a 65% increase in volumes to a $66 billion daily average for October 2005 from $40 billion for the previous month, according to FXJSC figures. Forward activity in the US was also strongly up, seeing a 49%
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