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Foreign Exchange

FXall posts strong rise in trading volumes for first quarter

Average daily trading volume on FXall, the leading multi-dealer platform, rose 13% year on year in the first quarter of 2012, the company said in a statement.

Total average daily volume for the first quarter of 2012 reached $87 billion, 6% up on the previous quarter. The latest figures are early signs of continued growth following an impressive 2011 when average daily volumes rose 34%.

 Source: EuromoneyFXNews

FXall separates its services according to client type, with relationship trading – used largely by corporates and asset managers – reaching daily average volume of $68 billion. This corresponds to a 7% rise year on year and is 3% up on the fourth quarter of 2011. Active trading – related to the firm’s ECN platform and continuous stream platform used primarily by banks, broker-dealers and hedge funds – recovered strongly, having dropped off towards the end of 2011. Active trading daily average volume reached almost $19 billion, a 36% increase year on year and 16% up on the previous quarter.

FXall has said it will now report total volume monthly.

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