Exchange trading sees sharp rise in July

The Chicago Mercantile Exchange said foreign exchange product volumes rose 33.5% to $118.3 billion in July, up from $88.6 billion a year earlier. This was represented by 833,000 contracts, a 36% rise on the 612,000 contracts traded on average in July 2009. 

Meanwhile, electronic spot-broking system EBS Spot reported average daily volumes of $133.2 billion last month, up 6% from $125.2 billion a year earlier.

David Rutter, deputy chief executive at Icap Electronic Broking, said: “Leading into the

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