Just days after Refco announced what it termed “significant volume increases on its professional and institutional FX trading platform, FX ProTrader”, activity on the platform ground to a complete halt.
Foreign exchange had been one of Refco’s biggest growth areas, with the company claiming that daily volumes
were about $10 billion to $15 billion.
Refco FX ProTrader was launched in December 2004.
Unfortunately, after a 15-day moratorium was imposed on all activities at Refco Capital Markets Ltd on October 13, the ProTrade screens went blank.
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