AU: Forex trade down 17pc last year

greenspun.com : LUSENET : Grassroots Information Coordination Center (GICC) : One Thread

Mr Kenton Farrow, chief executive of the
Australian Financial Markets Association,
which released the report yesterday, blamed
Y2K and a dwindling number of market
participants for the downtrend.

"Underlying reasons for the decline in FX
trade included Y2K concerns, which slowed
trade considerably during December and
January, the merger of a number of
significant participants and the transfer
offshore of some foreign exchange
participants," he said.

Sydney Morning Herald

-- spider (spider0@usa.net), November 28, 2000


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