FX now a $5.3 trillion per day market, says BIS

price-rise

Average daily turnover in the global foreign exchange market has reached $5.3 trillion, up from $4 trillion in 2010, according to the latest triennial survey from the Bank for International Settlements (BIS), with the UK continuing to comprise the largest slice of the business.

Net average daily turnover in the UK forex market – compiled by the Bank of England – was $2.73 trillion in April 2013, up 47% from the $1.85 trillion recorded in April 2010. (The total global figure is lower than what is

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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