FXall Press Release
FXALL TRADING VOLUMES GROW TO $15 TRILLION IN 2008
21 January 2009 - FXall, the world's leading electronic foreign exchange platform, today announced record annual trading volumes of $15 trillion in 2008. Trading activity highlights include:
- Global volumes increase 11% year-on-year.
- Asia Pacific volumes grow over 16%.
- Continued strength by institutional investors, who now account for more than 60% of total volume.
Continued growth in 2008 is attributable to FXall's growing importance and unique position in the global foreign exchange market. FXall's 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."
About FXall
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FXall is the leading provider of automated trading and workflow solutions for FX and treasury, offering trade execution, workflow tools, control and compliance and straight-through processing. By combining streamlined workflow, competitive FX prices and a complete audit trail, FXall delivers improved control and cost savings at every stage of the deal lifecycle.
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FXall provides customers with the ability to meet best practice guidelines prescribed by regulatory bodies - for more information visit: http://www.fxall.com/about/BestPracticeFX.pdf
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FXall is an independent company with offices in New York, London, Boston, Tokyo and Singapore.
FXall's services are not intended for, and are not available to, private customers, and are not intended for distribution into any jurisdiction where such distribution is restricted by law or regulation. FXall's services do not constitute investment advice or an advertisement, offer, or solicitation of an offer, for the purchase or sale of any investment, securities or other property, or a representation that any investment, security or other property is suitable for any person.
FXall may act through FX Alliance, LLC (a Delaware, USA limited liability company), FX Alliance Limited (regulated by the Financial Services Authority), FX Alliance International, LLC (ARBN 097 253 640, a Delaware, USA company, members' liability limited).
FXall, FXall Trading, Accelor, Accelorate, Settlement Center, Market Insight, QuickConnect, QuickFill, QuickOMS, QuickTrade and all associated logos are the trademarks of FX Alliance LLC.
For more information on FXall, visit www.fxall.com.
For more information on Accelor, visit www.accelortrading.com.
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For further information, please contact:
FXall
Telephone: +44 20 7173 9600
info@fxall.com
Nick Bone
Penrose Financial
Telephone: +44 20 7786 4878
Mobile: +44 7909 521293
nickb@penrose.co.uk
Alex Clelland
Penrose Financial
Telephone: +44 20 7786 4866
Mobile: +44 7841 293952
alexc@penrose.co.uk
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