Asset managers' trading on FXall grows 146%

Asset managers' trading on FXall grows 146%

Multi-bank foreign exchange portal FXall says trading by asset managers on its online platform increased 146% to $1.036 trillion in 2004.

The total number of asset manager clients trading on the platform rose to 135. These clients manage estimated total funds of $15 trillion.

FXall says asset managers are executing larger deals as well as trading more frequently. The average trade size has risen 83% in the last year as asset managers push higher volumes through the platform.

Phil Weisberg, CEO of FXall, says: "Asset managers have realised that FX trading is a core activity for them and that execution can have a profound impact on their overall fund performance

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