Conversely to rest of the market FXAll’s April 2012 volumes are down only 2%
Most forex brokers are reporting double digit drop in forex trading volumes, FXCM reported a 27% drop while Swissquote reported
Most forex brokers are reporting double digit drop in forex trading volumes, FXCM reported a 27% drop while Swissquote reported a whopping 35% decrease.
FXAll’s volumes in April 2012 were down only 2% when comparing to March 2012 showcasing that diversified FX ECNs can be prone to volatility trends.
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NEW YORK, NY, May 9, 2012 – FX Alliance Inc. (“FXall”) (NYSE: FX), the leading independent global provider of electronic foreign exchange trading solutions, today announced total average daily volume for April 2012 of $88.6 billion, a decrease of 2% from the previous month and an 8% increase from April 2011. Average daily volume in April for Relationship Trading and Active Trading was $69.5 billion and $19.1 billion respectively. FXall reports all of its trading volumes counting one side of each transaction (single count basis).
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