FX market activity shrinks for first time since 2001
The BIS's triennial survey of FX markets shows a headline figure of $5.1 trillion, down from $5.4 trillion in 2013
Volumes in foreign exchange have fallen for the first time in 15 years, as spot-trading activity decreased, pushing average daily flows down to $5.1 trillion from $5.4 trillion in 2013 – a 5% drop – according to figures from the Bank for International Settlements' (BIS) triennial survey of currency markets.
The drop in activity comes as structural shifts in the credit intermediation space increased the overall cost of trading, and affected the ability of smaller players to jump in and out of
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