Turnover reaches $4 trillion
The 20% volume increase since the last survey in 2007 takes average daily turnover to more than $4 trillion, based on figures collected by central banks in April this year. The survey found a significant increase in the participation by non-bank financial institutions such as hedge funds, pension funds, mutual funds, insurance companies and central banks. Activity from the group grew by 42%, increasing to $1.9 trillion in April 2010 from $1.3 trillion in April 2007.
Turnover growth was driven by
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