Currency trading is showing signs of rebounding after years of decline as diverging economies stoke volatility and boost the potential for profits in the world’s largest financial market.
Daily foreign-exchange volume through interdealer broker ICAP Plc, futures-exchange operator CME Group Inc. and Thomson Reuters Corp. averaged about $387 billion last quarter, 14 percent more than in 2012, according to data compiled by Bloomberg. Currency-trading revenue at the world’s 10 biggest investment banks dropped 22 percent last year to about $7 billion, according to industry analytics firm Coalition Ltd.
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