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China May Spur ‘Quantum Leap’ in Retail FX Market, Cognotec Says

Despite retail foreign exchange (FX) market volumes having been estimated to be in the region of US$5 billion per day - equating to around two per cent of total daily FX volume globally and generating annual revenues of in excess of US$1 billion, future developments in China could hold the key to providing that “real quantum leap” in the market’s growth, an FX industry professional has contended.



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