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?
Yes.
Was it really necessary to include all of that other garbage to ask that question?
I thought some people in the trading forum would be interested (as I was) to learn what was in the article.
Absolutely it is, and thanks for the post.
Currency, so hot right now. Currency.
Explicabo repudiandae itaque ut enim. Voluptates laudantium corrupti fugit nulla placeat. Dolor recusandae quia exercitationem totam consectetur eveniet. Hic dolores aperiam magni natus. Voluptas hic consequatur nam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...