London still top of the forex markets
On January 28, the UK's Foreign Exchange Joint Standing Committee (FXJSC), US Foreign Exchange Committee (FXC), Singapore Foreign Exchange Committee (SFEC) and the Canadian Foreign Exchange Committee (CFEC) released surveys on the level of turnover in their respective FX markets for the period April to October.
In the UK, the FXJSC reported a combined (traditional FX, over-the-counter options and currency swaps) average daily turnover in October 2007 of $1.472 trillion. This was 38% higher than
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