BIS paints bright future for FX


The 58% volume increase since the last survey in 2001 takes average daily turnover to just short of $1.9 trillion a day, based on figures collected by central banks in April this year. Marking a turnaround from 2001’s declining numbers – the first time the survey had ever showed a downturn in FX trading volumes – this year’s impressive growth will prompt increased opportunities for managers to grow their businesses, said officials last week.

"It’s very good news for forex and the FX industry,"

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