Download This PaperSizing Up Global Foreign Exchange Markets
18 Pages Posted: 17 Dec 2019
Date Written: December 8, 2019
Abstract
The latest BIS Triennial Survey shows that global foreign exchange trading increased to more than $6 trillion per day. Trading bounced back strongly following a dip in 2016, buoyed by increased trading with financial clients such as lower-tier banks, hedge funds and principal trading firms. Prime brokerage volumes recovered in tandem. These developments were driven in large part by the greater use of FX swaps for managing funding and greater electronification of customer trading. They led to further concentration of trading in a few financial hubs.
JEL Classification: C42, C82, F31, G12, G15
Suggested Citation: Suggested Citation
Schrimpf, Andreas and Schrimpf, Andreas and Sushko, Vladyslav, Sizing Up Global Foreign Exchange Markets (December 8, 2019). BIS Quarterly Review, December 2019, Available at SSRN: https://ssrn.com/abstract=3502874
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