Trading Up

Global FinanceVol. 21 Nbr. 10, November 2007

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Trading Up

The $3.2 trillion average daily trading volume in the foreign exchange market towers above that of any other market. The fact that the currency market is both highly liquid and inefficient, with multiple providers of liquidity, makes it an attractive asset class for hedge funds and other traders who rely on computer models to take advantage of fleeting and small variations in prices...

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