FXall Crosses $9bn Daily Volume Threshold
Foreign exchange trading portal Fxall said it has achieved record volumes in excess of US$9bn. The bank-owned platform has more than 400 clients signed to trade. ‘These figures have put us significantly ahead of our business plan,’ said Phil Weisberg, Chief Executive Officer of FXall. ‘Going into 2003, we will strive to perfect our fully automated system for foreign exchange trading, and make sure that it is easily accessible to all market participants.’ FXall recently added four new banks – Commonwealth Bank of Australia, Fortis Bank, SvenskaHandelsbanken, and WestLB – to its roster of providers. A total of 43 banks are now integrated to the FXall system.