22 August 2017
visit www.avoka.com

FXall says volumes ahead of business plan

14 January 2003  |  4120 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  |  3554 views  |  0 comments
FXall adds four more banks to trading platform

FXall adds four more banks to trading platform

04 December 2002  |  3026 views  |  0 comments
FXall plays catch up as multibank portal volumes soar

FXall plays catch up as multibank portal volumes soar

21 November 2002  |  4465 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.vasco.comdownload the paper now

Who is commenting?

A Finextra member Finextra Member Commented on: Real-time payments in...
A Finextra member Finextra Member Commented on: Barclays uses sensors...

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
11884 views comments | 26 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
10298 views comments | 22 tweets | 31 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
9902 views 0 | 5 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
9617 views comments | 10 tweets | 8 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
9591 views comments | 19 tweets | 23 linkedin