$5 Trillion a Day Currency Trading Higher Than Pre-Lehman Bros. Collapse


Currency trading may have risen to a record $5 trillion a day in September, surpassing the peak reached before Lehman Brothers (LEHMQ) Holdings Inc.’s collapse in 2008, according to the Bank for International Settlements.

Trading then declined to about $4.7 trillion a day in October and is likely to have fallen considerably in early 2012, the Basel, Switzerland-based bank said in a report. The BIS said it derived its estimates from supplementing the data in its foreign-exchange survey, which is undertaken every three years, with information collected from central banks and electronic- trading platforms.

http://www.bloomberg.com/news/2012-03-11/currency…


“The turnover in the United Kingdom dwarfs that of any other market center,” he wrote. “At slightly over $2 trillion per day in April 20111, its reported volume was larger than the other surveyed markets put together.”

So is London the place to be if you are interested in currency trading?

 
FinanceStudent28][quote:

So is London the place to be if you are interested in currency trading?

Yes.

Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard. -30 Rock
 

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