â¢ Global volumes increase 11% year-on-year.
â¢ Asia Pacific volumes grow over 16%.
â¢ Continued strength by institutional investors, who now account for more than 60% of total volume.
Continued growth in 2008 is attributable to FXallâs growing importance and unique position in the global foreign exchange market. FXallâs complete product coverage including spot, swap, forward and NDF products - all in one platform - attracts the most diverse base of large, institutional clients including corporate treasurers, asset managers, hedge funds and banks. More than 800 global institutions have come to rely on FXall trading and straight through processing solutions to support a multitude of trading strategies in all market conditions.
Over the past year, the company has remained focused on client business requirements, such as best execution and workflow enhancements, to identify new opportunities. Ongoing investment in innovative products and services with the goal of delivering stability and depth of liquidity is a key to FXall's success and continued growth.
Phil Weisberg, Chief Executive Officer of FXall, commented: "We're pleased to report solid performance in a challenging market environment as our clients continue to benefit from the strength of FXall's platform. Our strong financial footing and independence allows us to continue to expand our capabilities and partner with clients to deliver the broadest and most robust FX trading platform even in these turbulent times. We look forward to continued success in 2009 as we help clients lower their costs and meet their execution requirements, while also delivering the best compliance procedures to provide the appropriate controls."