September 2010, news round-up
Non-banks lead 20% rise in FX turnover
Preliminary statistics from the Bank for International Settlements' triennial foreign exchange survey released on September 1 revealed average daily turnover grew by 20% to $4 trillion in April this year versus April 2007. The growth rate is down sharply on the 71% rise in average daily turnover in the preceding three-year period.
Analyst said the fall-off is rooted in a drop in cross-border trade, as markets navigate out of the global financial crisis
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More on Foreign Exchange
Average reported daily UK FX turnover hits record high
Daily turnover of $2,881bn in October 2019, up 2% from previous high of $2,821bn in April
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Spot volumes on platforms resumed downward trend in 2019
But an uptick was seen in FX swaps and forwards submitted for settlement
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