November saw FXall trade more than $22bn in a single day of trading. The total volume traded in November totalled $271bn and average daily volume was $13.6bn. KBC and Lloyds TSB have joined FXall as liquidity providers – bringing the total number of banks integrated to the platform up to 46. The rise in volumes was driven by increased trading from institutional customers, especially asset managers, said FXall. Institutional customers now account for approximately 55 per cent of total volumes, up from 40 per cent earlier this year. Following the rapid rise in take-up and volumes in 2003, the board of FXall has approved investment in system enhancements in excess of $5 million. FXall will also grow its headcount by 15 per cent in 2004. The investment allows FXall to further expand capacity while adding to an already robust continuity of business plan.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.