Brief Objects - 14/07/03
Brief Objects
Multi-bank portal FXall now earns more than it outlays on a monthly basis—more than two years after its May 2001 launch, say officials who spoke last week. Officials at the company say its positive cash flow comes two quarters ahead of plan, a result of surging volumes in the past year. Total volumes traded on the platform last month were $223 billion—an average of $10.6 billion a day, and the portal reported a record volume day of $16 billion on an unspecified day in
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