Francesc’s Weblog » Semi-annual Forex trading volume data was published by the UK, US, Canada, Japan and Singapore confirms rapid growth of the FX markets

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Semi-annual Forex trading volume data was published by the UK, US, Canada, Japan and Singapore confirms rapid growth of the FX markets

Posted on August 6, 2007 at 21:03 in Uncategorized by Francesc

Hi everybody,

Kathy Lien, Chief Strategist at FXCM sent me a few hours ago the last data from Semi-annual FX trading volume data that confirms what we all were suspecting, that FX market keeps growing at a very fast pace.

Thanks Kathy for such wonderful information!

Francesc

Last
week, semi-annual Forex trading volume data was published by the UK,
US, Canada, Japan and Singapore. Here are the details the growth of FX
trading and where the most volume is being dealt (on the interbank
level):

Currency Trading Volume or Turnover per Day

1) UK: $1.33 trillion in April, up 21% from last year
http://www.bankofengland.co.uk/markets/forex/fxjsc/fxturnresults070731.pdf

2) US: $618 billion in April, up 6.6% from last year
http://www.newyorkfed.org/fxc/2007/fxc073107.pdf

3) Japan: $240.3 billion in April, up 19.2% from last year
http://www.fxcomtky.com/reports/pdf_file/announce56_e.pdf

4) Singapore: $233 billion in April, up 40% since October
www.sfemc.org/statistics/Semiannual_surveyApr07data.doc

5) Canada: $55.5 billion in April, up 5.5% from last year
http://www.cfec.ca/files/cfec_webtablesapril07.pdf

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