World's Biggest Market Shrinks at Least 20% as Profits Slide
- Currency trading falls in U.K., North American markets
- Figures shown in central banks' snapshot survey for October
The New York Stock Exchange (NYSE) stands in New York, U.S., on Friday, Jan. 8, 2016. The Standard & Poor's 500 Index fluctuated near a three-month low as energy shares followed a retreat in crude, overshadowing early optimism on China's moves to restore calm to its sinking markets and data that showed U.S. payrolls surged more than expected in December.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
The world’s biggest financial market just got a whole lot smaller.
Currency trading in the U.K. and North America shrank by more than 20 percent in October from a year earlier, according to central banks in those regions.