FXall trading volumes hit $825bn
FXall, the world's leading online foreign exchange platform, today announced record trading volumes of $825 billion in March, a 53% increase on the same period last year.
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The first quarter of 2006 was FXall's busiest ever with total volumes of $2.1 trillion, up 35% on Q1 2005. FXall's volumes have grown every quarter since the platform went live in 2001.
Phil Weisberg, CEO, FXall, said: "These figures are a testament to FXall's focus on meeting the requirements of our growing and diverse customer base. As FX trading volumes continue to rise, and customer requirements become more complex, there is more demand than ever for advanced execution and workflow tools combined with consistently deep liquidity across all currency pairs and tenors. We will continue to strive to offer the deepest liquidity, tightest prices, and most efficient trading environment for all our institutional clients."