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Foreign Exchange

CME figures suggest liquidity not an issue

Many active market participants have started to talk about how liquidity is drying up, although the latest set of figures from the Chicago Mercantile Exchange ostensibly suggest everything is still rosy in the FX garden. CME reports that its FX volumes rose by 41% in April over the same month in 2007, averaging 613,000 contracts per day, equivalent to a nominal $88 billion of turnover.

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