Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

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China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

Tuesday, December 6, 2011

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FXall’s pre-IPO statement reveals higher volumes but dwindling margins



By Laurence Twelvetrees
Average daily trading volumes on multi-dealer platform, FX Alliance, grew over 50% year-on-year in the third quarter but the firm's pre-IPO statement shows average transaction fees, its main source of revenue generation, continue to come under pressure.

FXall, which does not usually release specific volumes figures, included a detailed earnings report in an updated registration statement for its planned IPO, involving revenues, quarterly trading volumes and transaction fees.
The report revealed that...
 
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