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FX Volatility Sparks Trading Surge With Signs of More to Come
The past week’s financial-market turbulence is keeping foreign-exchange traders busy, boosting volumes along with volatility. Price swings in the $5.1-trillion a day currency market have jumped this month to the highest since November 2016 on a monthly basis, according to a JPMorgan Chase & Co. gauge. The turmoil coincides with surging trading activity, say JPMorgan and CLS Group Holdings AG, which settles global foreign-exchange transactions. As heads of currency trading from the world’s biggest asset managers and banks gather at the TradeTech FX conference in Miami this week, they’re fixated on whether the ... (full story)