Funds step up online FX trading

Although FXall will not confirm its trading volumes, US business magazine Forbes recently estimated FXall trades $1.8 billion a day, against $1.5 billion for its main rival Currenex.

Online trading volumes per customer are also up -- FXall said average volume per customer has more than doubled during the past year. However, both corporate and institutional customers using electronic FX are still reserving their higher-value transactions for telephone trading.

At the Swift International

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