Sizing up global foreign exchange markets

Andreas Schrimpf and Vladyslav Sushko

BIS Quarterly Review, 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-codes: C42 C82 F31 G12 G15 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (23)

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