Merging buy-side behind FX volume dive, says BIS
NEWS
BASEL -- The changing composition of corporate players active in the FX markets was one of the major factors behind the reduction of global currency trading volumes between 1998 and 2001, according to the Bank for International Settlements (BIS).
In its last tri-annual survey of the forex industry, published in October 2001, the BIS noted a sharp decline in FX trading between banks and non-financial customers from 17% of total volumes in 1998 to 13% in 2001 (FX Week October 15).
In its quarterly
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