FXall, the world's leading electronic foreign exchange platform, today announced a 37 percent increase in average daily volume (ADV) in the second quarter of 2011, compared to the same period in 2010.

The platform experienced further growth in July 2011, with ADV up 49 percent compared to the previous year and a record volume of $140 billion traded on FXall on 27 July. This growth has been spurred by a 91 percent year-on-year increase in ADV on FXall's active trading platform in July.

Phil Weisberg, CEO, FXall, commented: "We are pleased to hit this new milestone of $140 billion in a single day as a result of increased trading across all our client segments.  We are uniquely positioned with the most diverse client base and access to the broadest array of execution methods within one platform which allows us to offer deep liquidity.  While market factors have contributed to increased volatility, our underlying business continues to grow as existing clients are taking advantage of new services.  We are continually adding new clients to the platform who are taking advantage of our complete trading and workflow solutions that are tailored to their needs. We’re continuing to invest to ensure that our clients can rely on us for virtuous liquidity as their strategic execution partner."  

About FXall
FXall gives institutional clients an edge in foreign exchange trading as the leading independent electronic platform.  We deliver the expertise, resources and commitment of a neutral platform with the broadest suite of FX trading solutions that combine execution tools with end-to-end workflow management and straight through processing.  Our flexible tool set delivers the right execution strategies and liquidity in all market conditions for over 1,000 institutions globally.  FXall’s offices in New York, Boston, Washington, London, Tokyo, Singapore, Sydney and Mumbai serve the needs of active traders, asset managers, corporate treasurers, banks, broker-dealers and prime brokers.   For more information on FXall, visit www.fxall.com             

For further information, please contact:  

Melissa Rowling                                  
Telephone: +44 20 7324 5486                                                            
Mobile: + 44 780 155 3021                                                           
Email: melissa.rowling@greentarget.co.uk  

Dafina Grapci-Penney                          
Telephone: +44 20 7324 5486                                                           
Mobile: + 44 752 533 5733                                                           
Email: dafina.grapci-penney@greentarget.co.uk