Greenwich Report On European Forex Shows Big Increase In Customer Volume
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Greenwich Associates has issued a new report on foreign exchange trading by corporate and institutional clients in Europe that shows a nearly fourfold increase in volume in the past two years. Total trading by the companies surveyed amounted to more than $7 trillion annually, or about $29 billion per day, some 59 percent of it done by U.K based customers.
On average, companies in Europe did about $8.2 billion annually in trading in 1992, while in 1990 the figure was only $2.7 billion mean volume
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