18 July 2018
Visit www.gemalto.com

FXall says volumes ahead of business plan

14 January 2003  |  4304 views  |  0 FXall says volumes ahead of business plan

Bank-backed currency trading portal FXall says it crossed the $9 billion daily volume threshold on a single day in December on the back of a surge in client take-up.

Phil Weisberg, chief executive officer of FXall, says the figures put the portal "significantly ahead" of its business plan.

The spike in volumes follows December's announcement that FXall has added four new banks - Commonwealth Bank of Australia, Fortis Bank, SvenskaHandelsbanken and WestLB - to its roster, bringing the total number of banks on the system to 43 and pushing the total number of clients over the 400 mark.

FXall's previous daily volume record was set on a single day in October when the portal passed $5 billion in trades.

FXall, like its competitors, does not release average daily volume figures. A survey by research house ClientKnowledge published in November suggested FXall was lagging Currenex and State Street with an average $3 billion in daily trading volumes.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

FXall and Communicator develop co-branding research tool

FXall and Communicator develop co-branding research tool

17 December 2002  |  3721 views  |  0 comments
FXall adds four more banks to trading platform

FXall adds four more banks to trading platform

04 December 2002  |  3142 views  |  0 comments
FXall plays catch up as multibank portal volumes soar

FXall plays catch up as multibank portal volumes soar

21 November 2002  |  4592 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit info.nice.comVisit http://go.jumio.com/finextraAdVisit https://secure.vasco.com

Top topics

Most viewed Most shared
Metro Bank opens developer portalMetro Bank opens developer portal
9782 views comments | 5 tweets | 14 linkedin
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
9534 views comments | 3 tweets | 7 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
9331 views comments | 6 tweets | 15 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
8550 views 19 comments | 14 tweets | 30 linkedin
Citi to streamline corporate receivables with HighRadiusCiti to streamline corporate receivables w...
8026 views comments | 1 tweets | 5 linkedin

Featured job

Competitive base, double ote, benefits
New York City, NY - USA

Find your next job