I’m away for a few days but I thought you maybe interested to read this piece on the BBC site which provides some details on the rise of Global Currency Trading and the pre-eminent position that London maintains within this sector of the financial markets.
The data comes from the Bank of International Settlements three-year report in the FX market.
http://www.bbc.co.uk/news/business-11148626
Enjoy,
FXTraderPaul
Update 1/09/10: I see that Robert Peston has proffered his thoughts on the FX business. You might be interested to read what he has to say.
http://www.bbc.co.uk/blogs/thereporters/robertpeston/2010/09/a_valueless_banking_boom.html
September 7, 2010 at 12:08 pm
If Preston was a stock I’df be looking to short him sometime soon!
September 9, 2010 at 5:34 pm
Wise words, Jimmy.