US based FXall, a leading independent global provider of electronic foreign exchange trading solutions, today announced total average daily volume for March 2012 of $90.4 billion, an increase of 4% from the previous month.
Average daily volume in March for Relationship Trading and Active Trading was $70.6 billion and $19.7 billion respectively.
Total average daily volume for the first quarter of 2012 was $86.8 billion, an increase of 13% vs. the first quarter of 2011, and 6% vs. the fourth quarter of 2011.
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Relationship Trading average daily volume in the first quarter 2012 was $68.0 billion, an increase of 7% vs. the first quarter of 2011, and 3% vs. the fourth quarter of 2011. Active Trading average daily volume in the first quarter 2012 was $18.8 billion, an increase of 36% vs. the first quarter of 2011, and 16% vs. the fourth quarter of 2011.
FXall reports all of its trading volumes counting one side of each transaction (single count basis). FXall will now report total volume each month.
“Today’s enhancement to our disclosure represents a significant step towards providing increased transparency to the market,” said John Cooley, FXall’s Chief Financial Officer.
FXall has recently completed an IPO.