Prime Brokerage FX Trading Desks See Higher Volumes as Volatility Continues

[kreslik.news]

Major banks’ FX trading desks are returning to the “good old times” as volatility is returning to the foreign exchange market since the beginning of the year, sources shared with Finance Magnates. As traders are becoming more interested in committing to active trading due to widened ranges, prime brokers are marking the end of a long period of subdued volatility.

The currency market has been on a tear since the start of the year as the US dollar continued its decline versus major counterparts. The trading desks at major banks have been registering a sharp rise in volumes.

Sharp Increase in Demand

Since ... (read more)