BusinessWeek – Global currency trading volume declined 6 percent to just under $100 trillion last year, after setting records in 2007 and 2008, as hedge funds placed fewer trades than in previous years, Greenwich Associates said.
Trading by fund managers fell 23 percent in 2009, leading the declines among the 1,497 corporate and institutional customers surveyed by Greenwich Associates in North America, Europe and Asia, according to the Stamford, Connecticut-based financial-market research company. The drop was partially offset by trading at retail platforms, which grew 16 percent, and by corporations, which rose 10 percent.
