FXall increases market share among asset managers

UK – FXall, a global portal for online foreign exchange trading, said its market share among asset managers has risen sharply this year.

Volume increased to 25% in September 2002 from 7% in May 2002, according to Mark Warms, chief marketing officer. “The numbers have grown for institutional clients. It is our fastest growing client segment,” he says.

FXall targets both pension fund managers and fund managers. 50% of its client base is institutional clients and 50% multi-national corporates.

The portal was launched in May 2001.

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