BIS: exchange-traded FX derivatives up 20%
BASEL – Notional turnover in exchange-traded currency derivatives rose by 20% in the third quarter versus Q2 to $7.2 trillion, led by carry trading, according to the Bank for International Settlements' (BIS) quarterly review released last Monday (December 7).
The BIS said activity on global derivatives exchanges across all asset classes stabilised at around 60% of the pre-crisis level in the quarter ending September this year. Notional amounts remained unchanged from the previous quarter's $425
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