â¢ Record monthly volumes of $942 billion in December
â¢ Growth driven by asset managers and active traders
FXall, the worldâs leading foreign exchange platform for institutional clients, today announced that trading over the platform in 2006 had exceeded $9.8 trillion, up 45% on 2005. Trading activity increased steadily throughout the year, with average daily volumes reaching $47 billion in December.
In particular, FXall saw strong growth in trading activity by the investment community, which now accounts for almost half (49%) of volumes traded over the platform. In Q4 2006, volumes from active traders such as hedge funds and CTAs was 79% higher than in the same period the previous year, while trading by asset managers was up 71%.
Electronic trading is fast becoming the execution method of choice for institutional FX traders. Regulatory requirements for greater control and transparency, combined with an increased focus on best execution in FX, have made it impossible to ignore the benefits of using online platforms such as FXall.
Phil Weisberg, CEO of FXall, said: âThese figures confirm FXallâs position as the number one platform for institutional clients. The continued increase in trading volumes reflects the investment we have made in new products and services throughout 2006. We look forward to further strong growth in 2007 as we continue to extend and enhance our offeringâ.