Foreign exchange platform, FXall reported record trading volumes of $825 billion in March, a 53% increase on the same period last year.
The first quarter of 2006 was FXalls most active, with total volumes of $2.1 trillion, up 35% on Q1 2005. FXalls volumes have grown every quarter since the platform went live in 2001.
These figures are a testament to FXalls focus on meeting the requirements of our growing and diverse customer base, said Phil Weisberg, CEO, FXall. As FX trading volumes continue to rise, and customer requirements become more complex, there is more demand than ever for advanced execution and workflow tools combined with consistently deep liquidity across all currency pairs and tenors.