Questions raised over UK’s FX volume surge
Senior market participants and industry association officials have expressed surprise at a 23% rise in foreign exchange turnover in the UK that came to light last week, with speculation it could be attributed to a rise in high-frequency trading activity in London.
On July 25, the Bank of England's Foreign Exchange Joint Standing Committee (JSC) reported in its semi-annual turnover survey that average daily reported turnover in the UK had jumped to $2,191 billion in April; 23% higher than in
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