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FX trading activity slows in 2010

01 April 2011

Global foreign exchange trading activity slowed considerably last year, according to Greenwich Associates

Read more: Greenwich Associates Deutsche Bank Barclays Capital

Global foreign exchange trading activity slowed considerably last year, according to Greenwich Associates.

The research results show that global foreign exchange trading volume declined approximately 13% from the fourth quarter of 2009 to the fourth quarter of 2010 — a fall-off in trading volume spanning the United States, Europe and Asia (outside of Japan and Australia/New Zealand). In the US, FX trading volume declined 22% year-over-year. Trading volume fell 20% in Continental Europe, 8% in the UK and 12% in Asia (ex- Japan) and Australia/New Zealand.

An exception to the trend was in Japan, where a surging yen led to a pick-up in trading volumes driven by...