FXall Press Release
FXALL Q1 2008 TRADING VOLUMES INCREASE 39 PERCENT
4 April 2008 - FXall, the world's leading foreign exchange platform, today announced trading volumes for the first quarter of 2008 of $4.1 trillion, an increase of 39% year on year.
The growth in volumes is driven by demand from both existing and new clients including asset managers, corporations, banks, broker-dealers and hedge funds. Active traders, algorithmic strategies and diversification by institutional investors who have embraced FX as an asset class have contributed to the strong growth in volumes.
FXall supports its clients through continuous investment in the technology and services they require. As an independent platform, FXall is committed to ensuring it continues to attract the deepest liquidity, therefore providing a diverse and valuable service to the broadest range of participants in the market.
Phil Weisberg, Chief Executive Officer of FXall, commented: "FXall has achieved consistent growth with volumes nearly tripling over the past three years. Investment in the products and services our clients demand remains a priority and we continue to innovate to provide a broad range of execution methods to match diverse client requirements."
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
Alex Clelland
Penrose Financial
Telephone: +44 20 7786 4866
Mobile: +44 7841 293952
alexc@penrose.co.uk
Nick Bone
Penrose Financial
Telephone: +44 20 7786 4878
Mobile: +44 7909 521293
nickb@penrose.co.uk
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