Month: July 2012

UK FX Turnover Drops To $2 Trillion a Day

Foreign exchange average daily trading volume in the UK, the world's biggest FX dealing hub, fell 2% to $2 trillion a day in April 2012 from October, according to a semi-annual survey published today by the Bank of England’s Foreign Exchange Joint Standing Committee. Average daily trading declined 5% from a year earlier, according to the […]

Singapore FX Turnover Declines

The Singapore Foreign Exchange Market Committee released the results of its semi-annual survey of foreign exchange volume today, reporting that average daily FX turnover in April 2012 was $300 billion, a 6.7% decrease compared to October 2011 and a 3.5% fall from $310.8 billion in April 2011. Average daily reported turnover in OTC FX derivatives was $51.2 billion, a […]

FX Turnover in Canada Rises 14% from October

Average daily foreign exchange transactions, defined as spot, outright forwards and swaps, executed by traders in Canada in April 2012 rose 14% to $59.6 billion from $52.4 billion in October 2011, according to the Canadian Foreign Exchange Committee. Compared to a year ago, average daily volume dropped 2.6% from $61.2 billion. This contrasts with the results of […]

US FX Turnover Up Y-o-Y, Down from October Survey

The New York Federal Reserve-sponsored Foreign Exchange Committee has released the results of its semi-annual North American FX turnover survey for April 2012, reporting that average daily volume was $860 billion, a 0.5% rise from April 2011 but a 12% drop from $977 billion recorded in October 2011. The decline was driven primarily by a […]

Japan Headline Turnover Flat: Devil is in the Detail

The Tokyo Foreign Exchange Committee has released its FX turnover survey results for April 2012 and while the headline data shows next to no change in activity year-on-year, the reality is quite different. Average daily turnover in Japan was $282.6 billion dollars, fractionally down from $284.6 billion in April 2011. However, the latest survey incorporates […]

Australian Turnover Bounces from October; Down Y-o-Y

The Australian Foreign Exchange Committee (AFXC) has kicked off the latest round of semi-annual FX turnover surveys by reporting a 5% increase in local market activity from the last survey in October 2011. Average daily volume was $175.7 billion in April 2012, and while this represents a rebound from October 2011, it is a 20% […]

And Finally…

At Forex Network Chicago we are hosting a panel discussion on “who owns the code?” in an effort to clear some of the fog around the intellectual capital of programmers; we could also ask, “who owns the news?” I ask this in the wake of the agreement, reported in the midweek update of Squawkbox, between […]

Tech Corner

The Australian Stock Exchange (ASX) and the Singapore Exchange (SGX) say they will allow each other access to their data centres in the first sign of closer ties since the collapse of an attempted $8.4 billion merger of their businesses last year. From September, SGX’s co-location data centre in Singapore will host the ASX hub, […]

On the Move

Winn Leaves Commerzbank? Simon Winn has left his role as head of e-FX sales Asia for Commerzbank in Singapore, according to market sources. A spokesperson for the bank declined to comment. The sources say he is heading to multi-bank technology provider 360T, although this could not be confirmed by press time. Axentiev Departs BAML Alex […]

Canada Launch for Forex.com

Gain Capital Holding’s online retail trading division, Forex.com, has launched a new service, Forex.com Canada. The offering allows residents in Canada to trade over 70 products, including 50 currencies and commodities such as energy and precious metals. Clients will also be able to access the MetaTrader4 platform, real-time foreign exchange news from Dow Jones, including […]