FXall monthly volume breaks $500 billion barrier

Source: FXall

FXall, the world's leading online foreign exchange platform, today announced record monthly trading volume of $512 billion in December and record volume for 2004 as a whole.

This is the first time that monthly trading volume on FXall breached the significant $500 billion level. Annual trading volume on the platform rose by 104% to $4.9 trillion in 2004, up from $2.4 trillion in 2003.

FXall also set record levels for daily peak volume in December, trading $30 billion or more on numerous occasions.

Settlement Center, FXall's post-trade matching, netting and messaging service, achieved even greater growth in 2004, with the annual number of Settlement Center transactions growing 390% to 1.1 million. Settlement Center now facilitates more than 150,000 transactions a month, including confirmation matches, prime brokerage giveups and third-party notifications to custodians.

Phil Weisberg, Chief Executive Officer of FXall, said: "FXall's latest volume figures confirm our position as the leader in the rapidly evolving online foreign exchange market. To more than double our volume again in 2004 is particularly noteworthy and I would like to thank our clients and staff for making this possible.

"We are experiencing a surge in volumes across every client segment as new customers sign up and existing ones put more business through FXall. The launch of FXall Altair in November and the strong interest already shown in our new services such as QuickFill give us confidence that we will go on to break new records in 2005."

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