Citigroup Says Currency Volatility to Rise on Volume Gain
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Currency volatility will probably increase this year as trading volumes climb, Citigroup Inc. said, citing trading platform and central bank figures.
Combined average daily volume on currency trading platforms by CME Group Inc., Thomson Reuters Corp. and ICAP Plc was at $381 billion last month, up from $290 billion in December and $339 billion a year earlier, according to data compiled by Greg Anderson, Citigroup’s North American head of Group-of-10 currency in New York.