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Foreign exchange trading activity has continued to expand rapidly throughout the global financial crisis, although the first signs of stress in the world's biggest market began to appear in early October, as banks became reluctant to supply liquidity as they hoarded cash. Amid the global market turmoil, FX has proven itself as a separate asset class that can generate alpha and continue to function smoothly when other markets are disrupted. Growing revenues from FX trading have helped some banks to weather the difficult financial and economic environment. One reason that foreign exchange trading volumes have continued to expand amid this year's financial turmoil is the presence of continuous-linked settlement, which takes settlement risk out of the market, traders say. The Federal Reserve announced on October 12 that it would provide unlimited dollars to the global financial system as part of efforts to normalize the credit markets.